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Sep
03
2021

Texas Daily Ag Market News Summary

Posted 2 years 207 days ago by Administrator Account

Daily Market Summary for September 3rd

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 Friday, negotiated cash trading has been mostly inactive on very light demand in all major feeding regions. Not enough purchases in any region for a full market trend. 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:       1,957          

Week Ago:        4,552

Year Ago:          2,960

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:       863.00

Weighted avg. net price:    200.64

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           114,000

Week ago (est)                     116,000

Year ago (act)                      117,000

Week to Date                       590,000

Same Period Last Week     579,000

Same Period Last Year       592,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 336.42… -1.50

Select:  304.13… -0.84

Choice/Select Spread: 32.29

Total Load Count: 74

 

Cutter Cow Cutout:

234.99… +0.35

 

CME Feeder Cattle Index for September 2nd:

157.74… -0.20 / -0.13%

1 Year Change: +12.51%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.80… -1.25

December: 130.92… -1.28

February: 135.15… -1.17

 

Feeder Cattle:

September: 158.47… -1.83

October: 162.47… -2.58

November: 165.27… -2.45

 

October Hogs: 89.57… -0.28

October Crude Oil: 69.29… -0.70

September Corn: 5.0800… -0.0825

September Wheat: 7.1450… +0.1050

 

Grain Cash Bids:

Omaha Corn: 5.80… -0.09

Kansas City Wheat: 6.87… +0.14

 

Financial Markets:

DJIA: 35,369.35… -74.47

S & P 500: 4,535.61… -1.34

NASDAQ: 15,364.30… +35.38

U.S. Dollar Index: 92.08… -0.15






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