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Aug
17
2020

Texas Daily Ag Market News Summary

Posted 3 years 223 days ago by Administrator Account

Daily Market Summary for August 17th

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



Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases moved mostly at 104.00. For the prior week in the Northern Plains live purchases moved from 106.00 to 106.50 and dressed purchases, in Nebraska, moved from 168.00 to 170.00. For the previous week in the Western Cornbelt live purchases moved from 105.00 to 107.00 and dressed purchases moved from 165.00 to 170.00.

   

Negotiated Sales:

Confirmed:             300

Week Ago:              114

Year Ago:                236

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,600

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    160.91

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  113,000

Year ago (act)                    115,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        21,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 217.26… +3.02

Select:  201.94… +2.65

Choice/Select Spread: 15.32

Total Load Count: 133

        

Cutter Cow Cutout:

182.64… -1.18

   

CME Feeder Cattle Index for August 14th:

142.20… -0.05

            

Futures…

Live Cattle:

August: 106.90… -0.70

October: 109.87… -0.35

December: 112.57… -0.25

   

Feeder Cattle:

August: 142.72… -1.20

September: 144.40… -2.17

October: 145.20… -2.22

     

October Hogs: 53.52… +0.50

September Crude Oil: 42.89… +0.88

   

September Corn: 3.3100… +0.0650

August Soybeans: 9.1250… +0.1550

September Wheat: 5.1650… +0.1650

   

Grain Cash Bids:

Kansas City Corn: 3.53… +0.07

Kansas City Soybeans: 8.66… +0.16

Kansas City Wheat: 5.16… +0.16

   

Financial Markets:

DJIA: 27,845.45… -85.57

S & P 500: 3,382.09… +9.24

NASDAQ: 11,129.73… +110.43

U.S. Dollar Index: 92.81… -0.30






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