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Texas Daily Ag Market News Summary

Posted 20 days ago ago by Administrator Account

Daily Market Summary for September 3rd

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 light on light to moderate demand in all feeding regions. In the Texas Panhandle compared to Tuesday, live purchases traded 2.00 lower at 102.00. In Kansas a few live purchases traded at 103.00 with a few live purchases in Nebraska at 102.00. However not enough purchases for an adequate market test. The latest established market in Kansas was on Wednesday with live purchases at 103.00. The latest established market in Nebraska was on Tuesday with live purchases from 102.00-103.00, mostly at 103.00 and dressed purchases from 162.00-164.00, mostly from 163.00-164.00. The latest established live market in the Western Cornbelt was on Wednesday with a few purchases from 103.00-104.00. The latest established dressed market in the Western Cornbelt was on Tuesday from 162.00-164.00, mostly from 163.00-164.00.

   

Negotiated Sales:

Confirmed:            11,659

Week Ago:               4,431

Year Ago:               29,405

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,500

Weighted avg. weight:       910 lbs.

Weighted avg. net price:    171.45

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   118,000

Week ago (est)                  119,000

Year ago (act)                    117,000

Week to Date                    474,000

Same Period Last Week   472,000

Same Period Last year     352,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 227.24… -0.34

Select:  212.50… -1.32

Choice/Select Spread: 14.74

Total Load Count: 148

        

Cutter Cow Cutout:

181.45… -2.87

   

CME Feeder Cattle Index for September 2nd:

139.68... -0.67

            

Futures…

Live Cattle:

October: 103.92… -0.55

December: 107.82… -0.63

February: 111.67… -0.38

   

Feeder Cattle:

September: 137.60… -1.10

October: 138.32… -1.13

November: 139.37… -0.98

     

October Hogs: 59.25… +2.85

October Crude Oil: 41.37… -0.14

   

September Corn: 3.4450… -0.0525

September Wheat: 5.4325… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 3.36… -0.05

Kansas City Wheat: 4.39… -0.03

   

Financial Markets:

DJIA: 28,292.73… -807.44

S & P 500: 3,455.07… -125.75

NASDAQ: 11,458.10… -598.34

U.S. Dollar Index: 92.74… -0.11