Aug 24 2020

Texas Daily Ag Market News Summary Posted 3 years 242 days ago by Administrator Account

Daily Market Summary for August 24^th

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

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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 21^st:

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