Sep
01
2020
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Posted 185 days ago ago by Administrator Account
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Daily Market Summary for September 1st
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 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 31st:
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