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Jul
31
2023

Texas Daily Ag Market News Summary

Posted 1 years 119 days ago by Administrator Account

Daily Market Summary for July 31st

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

Fed Cattle: As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Southern Plains Live FOB purchases traded from 178.00-179.00. In Nebraska Live FOB purchases traded at 186.00 and Dressed Delivered purchases traded from 292.00-295.00. In the Western Cornbelt Live FOB purchases traded from 185.00-188.00 and Dressed Delivered purchases traded from 292.00-295.00. Last week a light test of purchases was noted in all of these regions.

Negotiated Sales:

Confirmed: 854

Week Ago: 865

Year Ago: None

Formula Net - Dressed Steers & Heifers:

Head count priced today: 27,900

Weighted avg. weight: 869.00

Weighted avg. net price: 291.97

Cattle Slaughter under Federal Inspection

Monday 124,000

Week Ago 122,000

Year Ago 122,000

Friday

Steers & Heifers: 86,000

Cows & Bulls: 24,000

Boxed Beef:

Cutout Values:

Choice: 301.78… -0.22

Select: 277.73…+0.19

Choice/Select Spread: 24.05

Total Load Count: 86

Cutter Cow Cutout:

234.31… +1.00

CME Feeder Cattle Index for July 28th:

243.86… +0.99 / +0.41%

1 Year Change: +39.56%

52 Week Range: 169.91 to 243.86

Futures Settlements…

Live Cattle:

August: 178.05… -0.10

October: 179.52… -0.08

December: 183.40… -0.20

Feeder Cattle:

August: 245.60… Unchanged

September: 249.20… +0.23

October: 251.02… +0.02

October Lean Hogs: 86.00… +0.98

September Crude Oil: 81.80… +1.22

September Corn: 5.0400… -0.1700

September Wheat: 6.6575… -0.3850

Grain Cash Bids:

Omaha Corn: 5.79… -0.17

Kansas City Wheat: 7.58… -0.25

Financial Markets:

DJIA: 35,556.30… +103.99

S & P 500: 4,589.15… +7.02

NASDAQ: 14,344.27… +30.95

U.S. Dollar Index: 101.88… +0.26