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Daily Market Summary for August 31st

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: -0.29%

Change from 10 Days Ago:  +7.77%

 

 60-Day Index Trendline

Change from 60 Days Ago: +9.95%​

Change from 60 Day High:  -1.79%

 
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
15 market factors compared to the previous trading day.

Wednesday Regional Auction Reports

  

Fed Cattle: 
As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB has been steady to 1.00 higher at 179.00. In Kansas negotiated cash trade has been slow to moderate on moderate demand. Compared to last week live FOB has been steady to 1.00 lower from 178.00-179.00. In Nebraska negotiated cash has been moderate on trade and demand. Compared to last week early live FOB purchase has been trading 2.00-3.00 lower at 182.00, with a few live delivered purchases at 186.50. Compared to last week dressed delivered purchases trading 2.00-3.00 lower from 290.00-292.00. In the Western Cornbelt negotiated cash has been slow to moderate on moderate demand. Compared to last week early live FOB purchases has been trading 1.00 lower from 184.00-185.00, with a few dressed delivered purchases traded mostly at 290.00 however not enough for a market test. The latest established market was last week with dressed delivered purchases traded mostly at 292.00 on a light test.
Negotiated Sales:
Confirmed:     30,911
Week Ago:      20,510
Year Ago:          9,130
Formula Net - Dressed Steers & Heifers:
Head count priced today:   40,300
Weighted avg. weight:         902.00
Weighted avg. net price:     291.68
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Cattle Slaughter under Federal Inspection
Thursday           124,000
Week Ago          124,000
Year Ago            125,000
Week to Date    499,000
Last Week          488,000
Last Year            502,000 
Wednesday
Steers & Heifers:  99,000
Cows & Bulls:        26,000
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Boxed Beef:
Cutout Values:
Choice: 313.79… -1.32
Select:  289.25… -0.28
Choice/Select Spread: 24.54
Total Load Count: 105
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Cutter Cow Cutout:
242.96… -0.14
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CME Feeder Cattle Index for August 30th:
248.95… -0.20 / -0.08%
1 Year Change: +36.02%
52 Week Range: 172.03 to 249.15
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Futures Settlements…
Live Cattle:
August: 179.72… +0.92
October: 180.82… +0.77
December: 184.80… +0.58
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Feeder Cattle:
August: 249.10… -0.95
September: 253.27… +0.65
October: 256.02… +0.80
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October Lean Hogs: 82.55… -1.05
October Crude Oil: 83.63… +2.00
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December Corn: 4.7825… -0.0250
December Wheat: 6.0200… -0.0500
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Grain Cash Bids:
Omaha Corn: 5.24… -0.08
Kansas City Wheat: 6.47… -0.05
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Financial Markets:
DJIA: 34,721.16… -169.61
S & P 500: 4,507.54… -7.46
NASDAQ: 14,034.97… +15.66
U.S. Dollar Index: 103.60… +0.44
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.