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Aug
22
2023

Texas Daily Ag Market News Summary

Posted 1 years 71 days ago by Administrator Account

Daily Market Summary for August 22nd

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 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. 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:            209

Week Ago:          7,092

Year Ago:          13,419

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:         869.00

Weighted avg. net price:     292.78

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Cattle Slaughter under Federal Inspection

Tuesday             124,000

Week Ago          125,000

Year Ago            127,000

Week to Date    246,000

Last Week          244,000

Last Year            250,000 

Monday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 317.05... +1.49

Select:  289.51... +2.18

Choice/Select Spread: 27.54

Total Load Count: 96

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Cutter Cow Cutout:

239.96… -0.97

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CME Feeder Cattle Index for August 21st:

244.96… -0.27 / +0.27%

1 Year Change: +35.59%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 177.95… +1.02

October: 178.62… -1.25

December: 183.15… -1.15

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Feeder Cattle:

August: 245.50… -1.27

September: 249.00… -1.32

October: 251.22… -1.43

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October Lean Hogs: 79.57… -1.05

September Crude Oil: 80.35… -0.37

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December Corn: 4.7950… -0.0300

December Wheat: 6.2750… +0.0200

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Grain Cash Bids:

Omaha Corn: 5.46… -0.03

Kansas City Wheat: 6.75… -0.01

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Financial Markets:

DJIA: 34,289.03... -176.17

S & P 500: 4,387.65… -12.30

NASDAQ: 13,505.87… +8.28

U.S. Dollar Index: 103.62… -0.37






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