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Aug
23
2023

Texas Daily Ag Market News Summary

Posted 1 years 96 days ago by Administrator Account

Daily Market Summary for August 23rd

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

Fed Cattle: As of 3:00 PM Wednesday in the Western Cornbelt, negotiated cash trade has been limited on light demand. Trading in all other regions was at a standstill on light demand, however not enough purchases in any region for a market trend. The latest established market in all regions was last week. In the Western Cornbelt Live FOB purchases traded from 186.00-188.00 and dressed delivered purchases traded from 290.00-295.00. 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.

Negotiated Sales:

Confirmed: 1,572

Week Ago: 9,071

Year Ago: 13,461

Formula Net - Dressed Steers & Heifers:

Head count priced today: 25,900

Weighted avg. weight: 868.00

Weighted avg. net price: 294.50

Cattle Slaughter under Federal Inspection

Wednesday 118,000

Week Ago 123,000

Year Ago 124,000

Week to Date 364,000

Last Week 367,000

Last Year 374,000

Tuesday

Steers & Heifers: 98,000

Cows & Bulls: 26,000

Boxed Beef:

Cutout Values:

Choice: 317.05… Unchanged

Select: 291.59… +2.08

Choice/Select Spread: 28.23

Total Load Count: 64

Cutter Cow Cutout:

241.24… +1.28

CME Feeder Cattle Index for August 22nd:

244.75… -0.21 / -0.09%

1 Year Change: +35.52%

52 Week Range: 172.03 to 245.84

Futures Settlements…

Live Cattle:

August: 178.05… +0.10

October: 178.67… +0.05

December: 182.92… -0.23

Feeder Cattle:

August: 245.02… -0.48

September: 248.57… -0.43

October: 250.87… -0.35

October Lean Hogs: 78.55… -1.02

September Crude Oil: 78.89… -0.76

December Corn: 4.9050… +0.1100

December Wheat: 6.3975… +0.1225

Grain Cash Bids:

Omaha Corn: 5.55… +0.09

Kansas City Wheat: 6.90… 0.15

Financial Markets:

DJIA: 34,474.17… +185.14

S & P 500: 4,436.13… +48.48

NASDAQ: 13,721.03… +215.16

U.S. Dollar Index: 103.37… -0.19