Sep 02 2022

Texas Daily Ag Market News Summary Posted 2 years 87 days ago by Administrator Account

Daily Market Summary for September 2^nd

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Slaughter Cattle:

As of 3:00 PM Friday, trade was mostly inactive on light demand in all feeding regions. Not enough purchases in any region for a full market trend. The last reported market all regions was on Wednesday. In the Southern Plains live purchases traded at 141.00. In Nebraska live and dressed purchases traded at 143.00 and 228.00, respectively. In the Western Cornbelt live and dressed purchases traded from 143.00-144.00 and from 228.00-232.00, respectively.

Negotiated Sales:

Confirmed:     2,571

Week Ago:      2,220

Year Ago:        1,957

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,000

Weighted avg. weight:         869.00

Weighted avg. net price:     229.79

 

Cattle Slaughter under Federal Inspection

Friday (est)                           123,000

Week ago (est)                     123,000

Year ago (act)                       114,000

Week to Date                       621,000

Same Period Last Week     622,000

Same Period Last Year       588,000

Thursday:

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 259.42… +1.35

Select:  238.58… +1.99

Choice/Select Spread: 20.84

Total Load Count: 89

 

Cutter Cow Cutout:

212.75… +1.20

 

CME Feeder Cattle Index for September 1^st:

181.25… -1.11 / -0.61%

1 Year Change: +14.90%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.55… +1.75

December: 150.25… +1.68

February: 154.37… +1.22

 

Feeder Cattle:

September: 183.87… +0.72

October: 184.95… +0.60

November: 186.25… +0.55

 

October Hogs: 90.02… -1.93

October Crude Oil: 86.87… +0.26

 

December Corn: 6.6575… +0.0775

December Wheat: 8.1100… +0.1675

 

Grain Cash Bids:

Omaha Corn: 7.56… +0.08

Kansas City Wheat: 8.38… +0.15

 

Financial Markets:

DJIA: 31,630.84… -337.58

S & P 500: 3,924.41… -42.44

NASDAQ: 11,630.86… -154.27

U.S. Dollar Index: 109.71… +0.02