Sep 02 2021

Texas Daily Ag Market News Summary Posted 2 years 234 days ago by Administrator Account

Daily Market Summary for September 2^nd

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt, however not enough purchases in any of these regions for a full market trend. Negotiated cash trading in the Texas Panhandle has been at a standstill. On Wednesday in Nebraska live and dressed purchases traded at 126.00 and from 200.00-203.00, respectively. In the Western Cornbelt on Wednesday, live purchases traded from 125.00-126.00. The latest dressed market in the Western Cornbelt was last week from 202.00-208.00. Last week in the Texas Panhandle live purchases traded from 122.00-123.00. In Kansas last week, live purchases traded at 123.00.

 

Negotiated Sales:

Confirmed:       9,401          

Week Ago:      17,177

Year Ago:        11,659

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,300

Weighted avg. weight:       876.00

Weighted avg. net price:    205.24

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      119,000

Week ago (est)                     114,000

Year ago (act)                       119,000

Week to Date                      456,000

Same Period Last Week     463,000

Same Period Last Year       475,000

Wednesday

Steers & Heifers:  91,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 337.92… -0.53

Select:  304.97… -2.60

Choice/Select Spread: 32.95

Total Load Count: 81

 

Cutter Cow Cutout:

234.64… +0.65

 

CME Feeder Cattle Index for September 1^st:

157.94… -0.41 / -0.26%

1 Year Change: +13.07%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 126.05… -1.52

December: 132.20… -1.40

February: 136.32… -1.58

 

Feeder Cattle:

September: 160.30… -2.62

October: 165.05… -3.00

November: 167.72… -2.80

 

October Hogs: 89.85… -0.30

October Crude Oil: 69.99… -1.40

September Corn: 5.1625… +0.0075

September Wheat: 7.0400… +0.0300

 

Grain Cash Bids:

Omaha Corn: 5.89… +0.01

Kansas City Wheat: 6.73… +0.05

 

Financial Markets:

DJIA: 35,431.34… +118.12

S & P 500: 4,536.98… +12.87

NASDAQ: 15,328.92… +25.92

U.S. Dollar Index: 92.23… -0.22