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Sep
08
2021

Texas Daily Ag Market News Summary

Posted 2 years 202 days 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 Wednesday, negotiated cash trading has been slow on light demand in Nebraska and Western Cornbelt. In Nebraska a few live and dressed purchases traded at 126.00 and 203.00, respectively. In the Western Cornbelt a few dressed purchases traded at 203.00. However, not enough purchases in either region for a full market trend. For the previous week in Nebraska live and dressed purchases traded from 125.00-126.00 and 200.00-203.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 125.00-128.00 and 200.00-203.00, respectively. So far for Wednesday negotiated cash trading in the Southern Plains has been limited on light demand. A few live purchases traded steady at 124.00, when compared to the last reported market on Tuesday.

 

Negotiated Sales:

Confirmed:    15,318          

Week Ago:     15,867

Year Ago:        16,708

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32.000

Weighted avg. weight:        863.00

Weighted avg. net price:    203.36

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 121,000

Week ago (est)                    119,000

Year ago (act)                      121,000

Week to Date                      245,000

Same Period Last Week     357,000

Same Period Last Year       245,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 334.86… -0.33

Select:  298.17… -3.73

Choice/Select Spread: 36.69

Total Load Count: 132

 

Cutter Cow Cutout:

234.46… -0.40

 

CME Feeder Cattle Index for September 7th:

157.47… +0.10 / +0.06%

1 Year Change: +11.70%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.10… -0.65

December: 128.65… -0.90

February: 132.87… -0.83

 

Feeder Cattle:

September: 156.05… -0.22

October: 159.27… -0.78

November: 161.42… -1.45

 

October Hogs: 87.37… -0.73

October Crude Oil: 69.30… -0.95

December Corn: 5.1025… -0.0050

December Wheat: 7.0950… -0.1025

 

Grain Cash Bids:

Omaha Corn: 5.70… -0.04

Kansas City Wheat: 6.69… -0.13

 

Financial Markets:

DJIA: 35,030.74… -69.26

S & P 500: 4,514.40… -5.63

NASDAQ: 15,281.16… -93.17

U.S. Dollar Index: 92.68… +0.17






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