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Aug
08
2023

Texas Daily Ag Market News Summary

Posted 209 days ago by Administrator Account

Daily Market Summary for August 8th

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 Tuesday in all regions, Negotiated Cash trade was at a standstill. In the Southern Plains for last week Live FOB purchases traded at 180.00. 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:         51

Week Ago:        226

Year Ago:          861

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,700

Weighted avg. weight:         862.00

Weighted avg. net price:     292.85

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Cattle Slaughter under Federal Inspection

Tuesday             124,000

Week Ago          124,000

Year Ago            126,000

Week to Date    247,000

Last Week          248,000

Last Year            244,000

Monday

Steers & Heifers:  90,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 302.39… +0.90

Select:  276.16… +1.15

Choice/Select Spread: 26.23

Total Load Count: 120

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Cutter Cow Cutout:

234.70… +0.61

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CME Feeder Cattle Index for August 7th:

245.02… -0.18 / -0.07%

1 Year Change: +38.90%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 179.70… Unchanged

October: 180.90… -0.52

December: 185.20… -0.57

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Feeder Cattle:

August: 246.00… -0.97

September: 249.42… -1.45

October: 251.22… -1.68

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October Lean Hogs: 84.57… -0.25

September Crude Oil: 82.92… +0.98

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September Corn: 4.8575… +0.0350

September Wheat: 6.5625… -0.0125

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Grain Cash Bids:

Omaha Corn: 5.75… +0.18

Kansas City Wheat: 7.11… -0.12

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Financial Markets:

DJIA: 35,314.49… -159.30

S & P 500: 4,499.38… -19.15

NASDAQ: 13,884.32… -110.08

U.S. Dollar Index: 102.55… +0.98






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