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Aug
21
2020
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Posted 239 days ago ago by Administrator Account
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Daily Market Summary for August 21st
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 Friday in Nebraska, negotiated cash trading has been moderate with light to moderate demand. Live purchases moved 0.50 higher at 106.50 when compared to the last reported market on Thursday. Not enough dressed purchases for a market trend. The last reported dressed purchase market was on Thursday at 169.00. So far for Friday in Colorado negotiated cash trading has been slow on light demand. Compared to last week live purchases moved steady to 0.50 higher at 106.50. Thus far for Friday in the Southern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In the Southern Plains the last reported market was on Wednesday with live purchases at 106.00. In the Western Cornbelt the last reported market was on Thursday with live purchases from 107.00 to 109.00 and dressed at 169.00.
Negotiated Sales:
Confirmed: 17,373
Week Ago: 15,361
Year Ago: 34,466
Formula Net
Dressed Steers & Heifers:
Head count priced today: 26,000
Weighted avg. weight: 867 lbs.
Weighted avg. net price: 168.39
Cattle Slaughter under Federal Inspection:
Friday (est) 116,000
Week ago (est) 112,000
Year ago (act) 117,000
Week to Date 586,000
Same Period Last Week 577,000
Same Period Last year 583,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 225.94… +0.56
Select: 208.99… +2.68
Choice/Select Spread: 16.95
Total Load Count: 75
Cutter Cow Cutout:
183.24… +0.70
CME Feeder Cattle Index for August 20th:
143.90… +1.10
Futures…
Live Cattle:
August: 105.80… -1.22
October: 108.55… -1.22
December: 111.77… -1.08
Feeder Cattle:
August: 142.92… -0.50
September: 144.85… -0.97
October: 145.27… -1.10
October Hogs: 54.25… -0.92
October Crude Oil: 42.34… -0.48
September Corn: 3.2700… +0.0250
August Soybeans: 9.0075… -0.0225
September Wheat: 5.2725… +0.0775
Grain Cash Bids:
Kansas City Corn: 3.47… +0.03
Kansas City Soybeans: 8.53… -0.01
Kansas City Wheat: 5.27… +0.07
Financial Markets:
DJIA: 27,930.33… +190.29
S & P 500: 3,397.16… +11.60
NASDAQ: 11,311.80… +46.85
U.S. Dollar Index: 93.22… +0.43