Aug 29 2022

Texas Daily Ag Market News Summary Posted 2 years 91 days ago by Administrator Account

Daily Market Summary for August 29^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 142.00. For the prior week in Nebraska live and dressed purchases traded at 145.00 and 232.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 147.00-148.00 and from 232.00-234.00, respectively.

Negotiated Sales:

Confirmed:      1,341

Week Ago:          286

Year Ago:              35

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,500

Weighted avg. weight:         878.00

Weighted avg. net price:     229.81

 

Cattle Slaughter under Federal Inspection

Monday (est)                       122,000

Week ago (est)                     125,000

Year ago (act)                       117,000

Friday:

Steers & Heifers:  96,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 263.04… +0.28

Select:  242.75… +3.99

Choice/Select Spread: 20.29

Total Load Count: 91

 

Cutter Cow Cutout:

212.75… +0.96

 

CME Feeder Cattle Index for August 26^th:

183.16… +0.91 / +0.50%

1 Year Change: +14.79%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

August: 141.55… +0.75

October: 142.90… -0.15

December: 148.92… -0.18

 

Feeder Cattle:

September: 179.92… -2.28

October: 181.07… -2.33

November: 182.90… -2.27

 

October Hogs: 92.25… +1.60

October Crude Oil: 97.01… +3.95

 

December Corn: 6.8300… +0.1875

December Wheat: 8.4275… +0.3750

 

Grain Cash Bids:

Omaha Corn: 7.70… +0.17

Kansas City Wheat: 8.68… +0.30

 

Financial Markets:

DJIA: 32,099.65… -183.65

S & P 500: 4,030.92… -26.74

NASDAQ: 12,028.98… -112.73

U.S. Dollar Index: 108.82… -0.02