Aug 28 2020

Texas Daily Ag Market News Summary Posted 3 years 240 days ago by Administrator Account

Daily Market Summary for August 28^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 Friday, negotiated cash trade was limited on light to moderate demand in all feeding regions. A few live purchases traded at 104.00 in Kansas and the Western Cornbelt, however not enough purchases for an adequate market test in any feeding region. 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:            7,824

Week Ago:           50,604

Year Ago:             34,333

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  47,300

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    171.63

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         116,000

Week ago (est)                  116,000

Year ago (act)                    117,000

Week to Date                    588,000

Same Period Last Week   586,000

Same Period Last year     588,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 229.40… -2.14

Select:  214.86… +0.60

Choice/Select Spread: 14.54

Total Load Count: 114

        

Cutter Cow Cutout:

182.50… -1.93

   

CME Feeder Cattle Index for August 26^th:

143.02… -0.58

            

Futures…

Live Cattle:

August: 103.22… +0.25

October: 104.90… -1.25

December: 108.50… -0.85

   

Feeder Cattle:

September: 140.02… -1.20

October: 140.17… -0.98

November: 140.60… -1.00

     

October Hogs: 53.65… -2.07

October Crude Oil: 42.97… -0.07

   

September Corn: 3.4600… +0.0175

September Wheat: 5.3925… -0.0325

    

Grain Cash Bids:

Kansas City Corn: 3.36… Unchanged

Kansas City Wheat: 4.35… +0.01

   

Financial Markets:

DJIA: 28,653.73… +161.46

S & P 500: 3,508.00… +23.45

NASDAQ: 11,665.63… +70.29

U.S. Dollar Index: 92.34… -0.66