Aug
25
2020
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Posted 194 days ago ago by Administrator Account
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Daily Market Summary for August 25th
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 Tuesday, negotiated cash trade and demand were light to moderate in the Texas Panhandle. Compared to Monday live purchases traded steady at 105.00. Trade was light on light to moderate demand in Kansas. A few early live purchases in Kansas traded from 105.00-107.00, however not enough for an adequate market test. The latest established market in Kansas, was last week with live purchases at 106.00. Trade was mostly inactive on light demand in all other feeding regions. The latest established market in the Northern Plains was last week with live purchases at 106.50 and dressed purchases in Nebraska at 169.00. Last week in the Western Cornbelt, live purchases traded from 106.00-109.00 and dressed purchases traded at 169.00.
Negotiated Sales:
Confirmed: 11,051
Week Ago: 17,150
Year Ago: 3,123
Formula Net
Dressed Steers & Heifers:
Head count priced today: 27,500
Weighted avg. weight: 869 lbs.
Weighted avg. net price: 170.61
Cattle Slaughter under Federal Inspection:
Tuesday (est) 118,000
Week ago (est) 120,000
Year ago (act) 119,000
Week to Date 235,000
Same Period Last Week 232,000
Same Period Last year 236,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 229.68… +2.21
Select: 212.26… +1.01
Choice/Select Spread: 17.42
Total Load Count: 104
Cutter Cow Cutout:
184.26… +0.27
CME Feeder Cattle Index for August 24th:
143.62… -0.42
Futures…
Live Cattle:
August: 105.50… -0.07
October: 108.77… +0.85
December: 111.70… 0.88
Feeder Cattle:
August: 142.25… +0.25
September: 143.07… +0.22
October: 143.07… +0.25
October Hogs: 55.95… +1.35
October Crude Oil: 43.35… +0.73
September Corn: 3.4075… +0.0900
September Wheat: 5.2825… +0.0750
Grain Cash Bids:
Kansas City Corn: 3.38… +0.09
Kansas City Wheat: 5.35… +0.12
Financial Markets:
DJIA: 28,248.75… -59.78
S & P 500: 3,443.67… +12.37
NASDAQ: 11,466.17… +86.45
U.S. Dollar Index: 93.04… -0.26