Aug 25 2020

Texas Daily Ag Market News Summary Posted 194 days ago ago by Administrator Account

Daily Market Summary for August 25^th

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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 24^th:

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