|
Aug
24
2020
|
|
Posted 236 days ago ago by Administrator Account
|
|
Daily Market Summary for August 24th
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 all major feeding regions. Last week in the Southern Plains live purchases moved at 106.00. For the prior week in the Northern Plains live purchases moved at 106.50 and, in Nebraska, dressed purchases moved at 169.00. For the previous week in the Western Cornbelt live purchases moved from 106.00 to 109.00 and dressed purchases moved at 169.00.
Negotiated Sales:
Confirmed: 39
Week Ago: 300
Year Ago: 2,074
Formula Net
Dressed Steers & Heifers:
Head count priced today: 40,800
Weighted avg. weight: 884 lbs.
Weighted avg. net price: 167.37
Cattle Slaughter under Federal Inspection:
Monday (est) 117,000
Week ago (est) 112,000
Year ago (act) 117,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 22,000
Boxed Beef:
Cutout Values:
Choice: 227.47… +1.53
Select: 211.25… +2.26
Choice/Select Spread: 16.22
Total Load Count: 112
Cutter Cow Cutout:
183.99… +0.75
CME Feeder Cattle Index for August 21st:
144.04… +0.14
Futures…
Live Cattle:
August: 105.57… -0.23
October: 107.92… -0.63
December: 110.82… -0.95
Feeder Cattle:
August: 142.00… -0.92
September: 142.85… -2.00
October: 142.82… -2.45
October Hogs: 54.60… +0.35
October Crude Oil: 42.62… +0.28
September Corn: 3.3175… +0.0475
September Wheat: 5.2075… -0.0650
Grain Cash Bids:
Kansas City Corn: 3.29… +0.02
Kansas City Wheat: 5.23… -0.04
Financial Markets:
DJIA: 28,308.53… +378.20
S & P 500: 3,431.30… +34.14
NASDAQ: 11,379.72… +67.92
U.S. Dollar Index: 93.31… +0.06