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Texas Daily Ag Market News Summary

Posted 15 days ago ago by Administrator Account

Daily Market Summary for September 8th

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, trade was mostly inactive on light demand in most feeding regions. The latest established market in any region was last week with live purchases in the Texas Panhandle from 102.00-104.00. Last week in Kansas, live purchases traded from 102.00-104.00, mostly at 103.00. Last week in Nebraska, live purchases traded from 102.00-103.00 with dressed purchases from 162.00-164.00. For the previous week in the Western Cornbelt, live purchases traded from 102.50-104.00, mostly from 103.00-104.00. Dressed purchases last week traded from 162.00-164.00.

   

Negotiated Sales:

Confirmed:              1,455

Week Ago:             18,610

Year Ago:                 1,232

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32,400

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    168.73

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    118,000

Week ago (est)                 120,000

Year ago (act)                    118,000

Week to Date                    121,000

Same Period Last Week   239,000

Same Period Last year     235,000

Previous Day (est)

Steers & Heifers:  2,000

Cows & Bulls:        1,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 224.82… -1.03

Select:  208.46… -0.84

Choice/Select Spread: 16.36

Total Load Count: 130

        

Cutter Cow Cutout:

184.17… +3.43

   

CME Feeder Cattle Index for September 4th:

139.05… -1.15

            

Futures…

Live Cattle:

October: 105.77… +1.32

December: 110.12… +1.65

February: 113.97… +1.52

   

Feeder Cattle:

September: 138.95… +1.30

October: 139.85… +1.35

November: 140.72… +1.20

     

October Hogs: 59.90… +0.08

October Crude Oil: 36.76… -3.01

   

December Corn: 3.6175… +0.0375

December Wheat: 5.4425… -0.0600

   

Grain Cash Bids:

Kansas City Corn: 3.44… +0.04

Kansas City Wheat: 4.38… -0.03

   

Financial Markets:

DJIA: 27,500.69… -632.62

S & P 500: 3,331.85… -95.08

NASDAQ: 10,847.69… -465.45

U.S. Dollar Index: 93.47… +0.75