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Sep
01
2023

Texas Daily Ag Market News Summary

Posted 180 days ago by Administrator Account

Daily Market Summary for September 1st

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 Friday, negotiated cash trade was limited on light to moderate demand in all feeding regions, however not enough for an adequate market test. The latest established market in the Southern Plains was Thursday with live FOB purchases at 179.00 in the Texas Panhandle and from 178.00-179.00 in Kansas. On Thursday in Nebraska live FOB purchases traded at 182.00 with a few live delivered purchases at 186.50. Dressed delivered purchases was traded from 290.00-292.00. In the Western Cornbelt on Thursday live FOB purchases traded from 183.00-185.00 with dressed delivered purchases at 290.00 on a light test.

Negotiated Sales:

Confirmed:       5,663

Week Ago:      24,947

Year Ago:           2,571

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:         873.00

Weighted avg. net price:     291.23

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Cattle Slaughter under Federal Inspection

Friday                122,000

Week Ago          122,000

Year Ago            123,000

Week to Date    621,000

Last Week          610,000

Last Year            625,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 314.49… +0.70

Select:  290.29… +1.04

Choice/Select Spread: 24.20

Total Load Count: 89

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Cutter Cow Cutout:

244.13… +1.17

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CME Feeder Cattle Index for August 31st:

248.93… -0.02 / -0.01%

1 Year Change: +36.01%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

October: 180.15… -0.67

December: 184.17… -0.63

February: 188.32… -0.53

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Feeder Cattle:

September: 251.85… -1.42

October: 254.65… -1.37

November: 256.37… -1.28

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October Lean Hogs: 83.05… +0.50

October Crude Oil: 85.55… +1.92

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December Corn: 4.8150… +0.0325

December Wheat: 5.9550… -0.0650

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Grain Cash Bids:

Omaha Corn: 5.22… -0.02

Kansas City Wheat: 6.43… -0.04

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Financial Markets:

DJIA: 34,828.47… +117.31

S & P 500: 4,515.77… +8.23

NASDAQ: 14,031.81… -3.16

U.S. Dollar Index: 104.29… +0.67






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