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Sep
07
2021

Texas Daily Ag Market News Summary

Posted 2 years 202 days ago by Administrator Account

Daily Market Summary for September 7th

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 Tuesday, negotiated has been at a standstill in all feeding regions. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. For the previous week in Nebraska live and dressed purchases traded from 125.00-126.00 and 200.00-203.00, respectively. In the Western Cornbelt live and dressed purchases traded from 125.00-128.00 and 200.00-203.00, respectively.

 

Negotiated Sales:

Confirmed:        None          

Week Ago:          385

Year Ago:       18,610

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  39,800

Weighted avg. weight:       870.00

Weighted avg. net price:    193.93

 

Cattle Slaughter under Federal Inspection:

Monday (est)                            3,000

Week ago (est)                      117,000

Year ago (act)                           4,000

Friday

Steers & Heifers:  89,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 333.19… -1.23

Select:  301.90… -2.23

Choice/Select Spread: 33.29

Total Load Count: 109

 

Cutter Cow Cutout:

234.86... -0.13

 

CME Feeder Cattle Index for September 3rd:

157.37… -0.37 / -0.23%

1 Year Change: +11.68%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.75… -1.05

December: 129.55… -1.37

February: 133.70… -1.45

 

Feeder Cattle:

September: 156.27… -2.20

October: 160.05… -2.42

November: 162.87… -2.40

 

October Hogs: 88.10… -1.47

October Crude Oil: 68.35… -0.94

December Corn: 5.1075… -0.1325

December Wheat: 7.1975… -0.0650

 

Grain Cash Bids:

Omaha Corn: 5.74… -0.06

Kansas City Wheat: 6.82… -0.05

 

Financial Markets:

DJIA: 35,102.01… -267.08

S & P 500: 4,520.07… -15.36

NASDAQ: 15,373.57… +10.05

U.S. Dollar Index: 92.55… +0.51






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