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Aug
21
2023

Texas Daily Ag Market News Summary

Posted 300 days ago by Administrator Account

Daily Market Summary for August 21st

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 all trading regions, negotiated cash trade has been at a standstill. The latest established market in all regions was last week. In the Texas Panhandle Live FOB purchases traded from 178.00-179.00. In Kansas Live FOB purchases traded at 179.00. In Nebraska Live FOB purchases traded from 185.00-188.00 and dressed Delivered purchases traded from 294.00-295.00, with a few up to 298.00. In the Western Cornbelt Live FOB purchases traded from 186.00-188.00 and dressed Delivered purchases traded from 290.00-295.00.

Negotiated Sales:

Confirmed:            39

Week Ago:            325

Year Ago:              286

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:         875.00

Weighted avg. net price:     292.13

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Cattle Slaughter under Federal Inspection

Monday             122,000

Week Ago          119,000

Year Ago           123,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 315.56… -0.55

Select:  287.33… -1.03

Choice/Select Spread: 28.23

Total Load Count: 64

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Cutter Cow Cutout:

240.93… +0.35

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CME Feeder Cattle Index for August 18th:

245.23… +1.19 / +0.49%

1 Year Change: +35.74%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 178.97… +0.45

October: 179.87… +1.05

December: 184.30… +1.13

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Feeder Cattle:

August: 246.77… +1.20

September: 250.32… +1.80

October: 252.65… +1.95

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October Lean Hogs: 80.62… -1.50

September Crude Oil: 80.72… +0.53

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December Corn: 4.8250… -0.1050

December Wheat: 6.2550… -0.1350

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Grain Cash Bids:

Omaha Corn: 5.49… -0.11

Kansas City Wheat: 6.76… -0.13

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Financial Markets:

DJIA: 34,465.20… -36.68

S & P 500: 4,399.95… +29.91

NASDAQ: 13,497.59… +206.81

U.S. Dollar Index: 103.33… -0.05






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