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Aug
07
2023

Texas Daily Ag Market News Summary

Posted 210 days ago by Administrator Account

Daily Market Summary for August 7th

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

 


Fed CattleAs of 3:00 PM Monday in the Western Cornbelt, trade has been inactive on very light demand. In all other regions trade has been at a standstill. In the Southern Plains for last week Live FOB purchases traded at 180.00. In Kansas Live Delivered purchases traded from 184.00-185.50. In Nebraska and the Western Cornbelt for last week Live FOB purchases traded at 188.00 and Dressed Delivered purchases traded on a light test, at 295.00.

Negotiated Sales:

Confirmed:       180

Week Ago:        854

Year Ago:          175

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:         863.00

Weighted avg. net price:     293.06

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Cattle Slaughter under Federal Inspection

Monday             116,000

Week Ago          124,000

Year Ago            118,000

Friday

Steers & Heifers:  88,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 301.49… -0.30

Select:  275.01… -1.47

Choice/Select Spread: 26.48

Total Load Count: 91

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Cutter Cow Cutout:

234.09… +0.41

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CME Feeder Cattle Index for August 4th:

245.20… -0.64 / -0.26%

1 Year Change: +39.87%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 179.70… -1.20

October: 181.42… -1.48

December: 185.77… -1.28

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Feeder Cattle:

August: 246.97… -2.55

September: 250.87… -2.58

October: 252.90… -2.52

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October Lean Hogs: 84.82… +1.75

September Crude Oil: 81.94… -0.88

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September Corn: 4.8225… -0.0200

September Wheat: 6.5750… +0.2450

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Grain Cash Bids:

Omaha Corn: 5.57… -0.02

Kansas City Wheat: 7.23… +0.11

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Financial Markets:

DJIA: 35,473.79… -404.18

S & P 500: 4,518.53… +40.15

NASDAQ: 13,994.40… +83.75

U.S. Dollar Index: 102.07… +0.05






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