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Aug
18
2023

Texas Daily Ag Market News Summary

Posted 1 years 107 days ago by Administrator Account

Daily Market Summary for August 18th

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 Friday in the Southern Plains, negotiated cash trade has been slow on light demand, with a few live FOB purchases in the Texas Panhandle at 178.00. However not enough purchases for a market test. The latest established market in the Southern Plains was Thursday with live FOB purchases from 177.00-179.00. In Nebraska and the Western Cornbelt negotiated cash trade has been at a slow on light demand. The latest established market in Nebraska was on Thursday with live cash FOB purchases traded from 185.00-187.50, with a light test of dressed purchases from 294.00-297.00. The latest established market in the Western Cornbelt was on Thursday live cash FOB purchases traded mostly at 186.00, with a light test of dressed purchases from 294.00-297.00.

Negotiated Sales:

Confirmed:         3,421

Week Ago:        18,423

Year Ago:            3,144

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,900

Weighted avg. weight:         854.00

Weighted avg. net price:     292.20

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Cattle Slaughter under Federal Inspection

Friday                 118,000

Week Ago          109,000

Year Ago            123,000

Week to Date   607,000

Last Week         600,000

Last Year           625,000 

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 316.11… +1.97

Select:  288.36… +2.10

Choice/Select Spread: 27.75

Total Load Count: 92

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Cutter Cow Cutout:

240.58… +3.93

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CME Feeder Cattle Index for August 17th:

244.04… -0.22 / -0.09%

1 Year Change: +35.68%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 178.52… +0.47

October: 178.82… +0.50

December: 183.17… +0.65

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Feeder Cattle:

August: 245.57… +1.30

September: 248.52… +1.40

October: 250.70… +1.38

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October Lean Hogs: 82.12… +2.97

September Crude Oil: 81.25… +0.86

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September Corn: 4.7950… +0.0650

September Wheat: 6.1325… +0.2375

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Grain Cash Bids:

Omaha Corn: 5.60… +0.07

Kansas City Wheat: 6.89… +0.21

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Financial Markets:

DJIA: 34,501.88… +27.98

S & P 500: 4,370.04… -0.09

NASDAQ: 13,290.78… -26.15

U.S. Dollar Index: 103.40… -0.17