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Aug
27
2020
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Posted 233 days ago ago by Administrator Account
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Daily Market Summary for August 27th
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 Thursday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any region was on Wednesday with live purchases in Nebraska at 105.00 and dressed purchases from 166.00-167.50, mostly at 167.00. On Wednesday in the Western Cornbelt, live purchases traded from 104.00-107.00 with dressed purchases from 166.00-167.00, mostly at 167.00. On Wednesday in Kansas, live purchases traded at 105.00. The latest established market in the Texas Panhandle was on Tuesday with live purchases at 105.00.
Negotiated Sales:
Confirmed: 4,431
Week Ago: 28,441
Year Ago: 15,421
Formula Net
Dressed Steers & Heifers:
Head count priced today: 31,700
Weighted avg. weight: 893 lbs.
Weighted avg. net price: 172.04
Cattle Slaughter under Federal Inspection:
Thursday (est) 119,000
Week ago (est) 119,000
Year ago (act) 118,000
Week to Date 472,000
Same Period Last Week 470,000
Same Period Last year 471,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 231.54… +0.09
Select: 214.26… +0.15
Choice/Select Spread: 17.28
Total Load Count: 110
Cutter Cow Cutout:
184.43... +2.00
CME Feeder Cattle Index for August 26th:
143.02… -0.58
Futures…
Live Cattle:
August: 102.97… -1.08
October: 106.15… -0.85
December: 109.35… -1.17
Feeder Cattle:
August: 141.97… -0.50
September: 141.22… -0.55
October: 141.15… -0.77
October Hogs: 55.72… +0.17
October Crude Oil: 43.04… -0.35
September Corn: 3.4425… +0.0375
September Wheat: 5.4250… +0.1050
Grain Cash Bids:
Kansas City Corn: 3.36… +0.05
Kansas City Wheat: 4.34… +0.11
Financial Markets:
DJIA: 28,492.27… +160.35
S & P 500: 3,484.55… +5.80
NASDAQ: 11,625.34… -39.72
U.S. Dollar Index: 93.03… +0.02