Aug 09 2021

Texas Daily Ag Market News Summary Posted 2 years 259 days ago by Administrator Account

Daily Market Summary for August 9^th

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 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 121.00. For prior week in Nebraska live and dressed purchases traded at 125.00 and 198.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 125.00-126.00 and at 198.00, respectively.

 

Negotiated Sales:

Confirmed:            642             

Week Ago:          1,701

Year Ago:                 36

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   47,700

Weighted avg. weight:       863.00

Weighted avg. net price:    194.15

 

Cattle Slaughter under Federal Inspection:

Monday (est)                          119,000

Week ago (est)                       116,000

Year ago (act)                        113,000

 

Friday

Steers & Heifers:  88,000

Cows & Bulls:        25,000

Saturday

Steers & Heifers:  38,000

Cows & Bulls:        10,000

 

Boxed Beef:

Cutout Values:

Choice: 299.80… +3.54

Select:  280.81… +3.72

Choice/Select Spread: 18.99

Total Load Count: 104

 

Cutter Cow Cutout:

230.53... +1.25

 

CME Feeder Cattle Index for August 6^th:

156.30… -0.25 / -0.16%

1 Year Change: +9.60%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 123.00… Unchanged

October: 127.47… -0.40

December: 132.90… -0.42

 

Feeder Cattle:

August: 159.30… -0.55

September: 163.20… -0.12

October: 165.70… -0.07

 

October Hogs: 84.60… -3.00

September Crude Oil: 66.48… -1.80

September Corn: 5.5025… -0.0475

September Wheat: 7.1125… -0.0775

 

Grain Cash Bids:

Kansas City Corn: 6.02… -0.05

Kansas City Wheat: 6.78… -0.04

 

Financial Markets:

DJIA: 35,096.73… -111.73

S & P 500: 4,432.15… -4.37

NASDAQ: 14,861.20… +28.44

U.S. Dollar Index: 92.97… +0.17