Aug 31 2022

Texas Daily Ag Market News Summary Posted 2 years 89 days ago by Administrator Account

Daily Market Summary for August 31^st

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading in Nebraska and Western Cornbelt has been slow on light demand. In Nebraska Tuesday was the last reported live purchase market at 145.00. Not enough dressed purchases in Nebraska for a market trend. For the prior week dressed purchases traded at 232.00. 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. In the Southern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 142.00.

Negotiated Sales:

Confirmed:     9,542

Week Ago:     13,461

Year Ago:       15,867

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,800

Weighted avg. weight:         869.00

Weighted avg. net price:     231.28

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     124,000

Year ago (act)                       119,000

Week to Date                       373,000

Same Period Last Week     375,000

Same Period Last Year       256,000

Tuesday:

Steers & Heifers:  99,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 258.34… -1.45

Select:  237.74… -1.94

Choice/Select Spread: 20.60

Total Load Count: 156

 

Cutter Cow Cutout:

214.84… +3.07

 

CME Feeder Cattle Index for August 30^th:

183.00… 0.00 / -0.00%

1 Year Change: +15.57%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

August: 141.55… -0.95

October: 142.57… +1.25

December: 148.47… -1.33

 

Feeder Cattle:

September: 182.45… +0.28

October: 183.47… +0.20

November: 184.52… -0.18

 

October Hogs: 91.52… -2.08

October Crude Oil: 89.55… -2.09

 

December Corn: 6.7075… -0.0650

December Wheat: 8.3150… +0.1125

 

Grain Cash Bids:

Omaha Corn: 7.61… -0.04

Kansas City Wheat: 8.68… +0.15

 

Financial Markets:

DJIA: 31,511.09… -279.78

S & P 500: 3,955.01… -31.15

NASDAQ: 11,815.66… -67.48

U.S. Dollar Index: 108.73… -0.04