Aug 05 2020

Texas Daily Ag Market News Summary Posted 3 years 264 days ago by Administrator Account

Daily Market Summary for August 5^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, light trade in the South at 99.00 to 100.00, about 2.50 higher than last week's trade. No reported trade in the North.

The FCE On-Line Auction offered 1,474 head on Wednesday with 1,400 head in KS, OK, & TX sold for 99.95 and 100.00.

   

Negotiated Sales: Unavailable

Confirmed:              

Week Ago:               

Year Ago:                 

      

Formula Net: Unavailable

Dressed Steers & Heifers:

Head count priced today: 

Weighted avg. weight:      

Weighted avg. net price:   

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               117,000

Week ago (est)                  119,000

Year ago (act)                    120,000

Week to Date                    346,000

Same Period Last Week   355,000

Same Period Last year     361,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 203.66… -0.58

Select:  191.01… +0.56

Choice/Select Spread: 12.65

Total Load Count: 84

        

Cutter Cow Cutout:

188.47… +0.01

   

CME Feeder Cattle Index for August 4^th:

140.60… +0.10

            

Futures…

Live Cattle:

August: 102.30… +0.03

October: 107.45… -0.02

December: 111.65… +0.28

   

Feeder Cattle:

August: 144.80… +0.10

September: 146.47… -0.15

October: 147.30… +0.23

     

October Hogs: 49.30… +0.28

September Crude Oil: 42.19… +0.49

   

September Corn: 3.1100… +0.0275

August Soybeans: 8.7625… -0.0350

September Wheat: 5.1075… +0.0250

   

Grain Cash Bids:

Kansas City Corn: 3.11… +0.03

Kansas City Soybeans: 8.55… -0.05

Kansas City Wheat: 5.18… +0.02

   

Financial Markets:

DJIA: 27,201.52… +372.09

S & P 500: 3,327.73… +21.16

NASDAQ: 10,998.40… +57.23

U.S. Dollar Index: 92.86… -0.52