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Aug
23
2023
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Posted 97 days ago ago by Administrator Account
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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
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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
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Boxed Beef:
Cutout Values:
Choice: 317.05… Unchanged
Select: 291.59… +2.08
Choice/Select Spread: 28.23
Total Load Count: 64
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Cutter Cow Cutout:
241.24… +1.28
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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
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Futures Settlements…
Live Cattle:
August: 178.05… +0.10
October: 178.67… +0.05
December: 182.92… -0.23
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Feeder Cattle:
August: 245.02… -0.48
September: 248.57… -0.43
October: 250.87… -0.35
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October Lean Hogs: 78.55… -1.02
September Crude Oil: 78.89… -0.76
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December Corn: 4.9050… +0.1100
December Wheat: 6.3975… +0.1225
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Grain Cash Bids:
Omaha Corn: 5.55… +0.09
Kansas City Wheat: 6.90… 0.15
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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