Aug 04 2021

Texas Daily Ag Market News Summary Posted 2 years 265 days ago by Administrator Account

Daily Market Summary for August 4^th

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Slaughter Cattle:

As of 3:00 PM Wednesday negotiated cash trading has been slow on light to moderate demand in all major feeding regions. In the Texas Panhandle, a few live purchases have traded at 122.00, however not enough for a full market trend. The last reported live market was last week with purchases at 120.00. In Kansas live purchases have traded 1.00 higher compared to last week at 121.00. In Nebraska live purchases have traded steady to 1.00 higher at 125.00 compared to the latest reported market on Tuesday and dressed purchases have traded 2.00 higher at 198.00 compared to last week. In the Western Cornbelt live purchases have traded steady at 125.00 compared to Tuesday, and a few dressed purchases have traded 198.00, however not enough dressed purchases for a full market trend. Last week in the Western Cornbelt dressed purchases traded from 195.00-201.00.

 

Negotiated Sales:

Confirmed:          29,149             

Week Ago:             5,188

Year Ago:              5,115

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,500

Weighted avg. weight:       847.00

Weighted avg. net price:    196.76

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                   122,000

Week ago (est)                      119,000

Year ago (act)                        116,000

Week to Date                        238,000

Same Period Last Week      238,000

Same Period Last Year        228,000

 

Tuesday

Steers & Heifers:  92,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 289.34… +3.50

Select:  271.15… +3.66

Choice/Select Spread: 18.19

Total Load Count: 146

 

Cutter Cow Cutout:

229.05… +0.65

 

CME Feeder Cattle Index for August 4^th:

155.97… -0.18 / -0.12%

1 Year Change: +10.93%

52 Week Range: 130.15 to 156.15

 

Futures Settlements…

Live Cattle:

August: 124.05… +0.80

October: 128.97… +0.82

December: 133.95… +0.75

 

Feeder Cattle:

August: 159.20… +0.30

September: 162.87… +0.35

October: 165.45… +0.40

 

September Hogs: 90.12… -1.25

September Crude Oil: 68.15… -2.41

September Corn: 5.4575… -0.0475

September Wheat: 7.1725… -0.0725

 

Grain Cash Bids:

Kansas City Corn: 6.08… -0.05

Kansas City Wheat: 6.70… -0.14

 

Financial Markets:

DJIA: 34,813.80… -302.60

S & P 500: 4,402.67… -20.48

NASDAQ: 14,787.26… +30.96

U.S. Dollar Index: 92.27… +0.19