Sep 01 2020

Texas Daily Ag Market News Summary Posted 185 days ago ago by Administrator Account

Daily Market Summary for September 1^st

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 Tuesday, negotiated cash trade was moderate on light demand in the Texas Panhandle. Compared to last week in the Texas Panhandle, live purchases traded 1.00 lower at 104.00. Trade was light on light to moderate demand in Kansas, Nebraska and the Western Cornbelt. Early live purchases in Kansas traded from 103.00-104.00. In Nebraska a few early purchases traded and 103.00 with dressed purchases from 163.00-164.00. In the Western Cornbelt early live purchases traded from 102.50-103.00. However not enough purchases in these regions for an adequate market test. The latest established market in Kansas was last week with live purchases at 105.00. Last week in Nebraska, live purchases traded at 105.00 with dressed purchases mostly at 167.00. In the Western Cornbelt last week, live purchases traded from 104.00-107.00 with dressed purchases mostly at 167.00.

   

Negotiated Sales:

Confirmed:            18,610

Week Ago:             11,051

Year Ago:                1,930

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,400

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    170.93

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  118,000

Year ago (act)                    114,000

Week to Date                    239,000

Same Period Last Week   235,000

Same Period Last year     118,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 228.34… +0.39

Select:  214.75… -0.57

Choice/Select Spread: 13.59

Total Load Count: 124

        

Cutter Cow Cutout:

183.54… +0.80

   

CME Feeder Cattle Index for August 31^st:

140.52… -0.43

            

Futures…

Live Cattle:

October: 105.47… +0.17

December: 109.15… +0.18

February: 112.75… +0.43

   

Feeder Cattle:

September: 140.12… -0.18

October: 140.65… +0.03

November: 141.52… +0.15

     

October Hogs: 55.02… +1.42

October Crude Oil: 42.76… +0.15

   

September Corn: 3.4950… +0.0100

September Wheat: 5.5575… +0.1150

   

Grain Cash Bids:

Kansas City Corn: 3.40… Unchanged

Kansas City Wheat: 4.49… +0.05

   

Financial Markets:

DJIA: 28,445.66… +217.39

S & P 500: 3,526.65… +26.47

NASDAQ: 11,939.67… +164.21

U.S. Dollar Index: 92.34… +0.20