Oct 08 2018

Texas Daily Ag Market News Summary Posted 6 years 50 days ago by Administrator Account

Daily Market Summary for October 8th  

 The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information! 

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Slaughter Cattle:  

Monday negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market was last week, with live purchases in the Southern Plains at 111.00. In Nebraska last week, live purchases traded from 110.00-112.00 with dressed purchases at 175.00. In Colorado for the previous week, live purchases traded from 111.00-111.50 on a light test, with a few dressed purchases at 176.00. In the Western Cornbelt last week, live purchases traded mostly at 110.00, with dressed purchases from 174.00-175.00.

 

Negotiated Sales:

Confirmed: 76    Week Ago: 976    Year Ago: 1,968

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 47,700

Weighted avg weight:        862.00

Weighted avg net price:    176.55

 

Alberta Beef Producers Daily Report:

Not Available… Canadian Thanksgiving Holiday

 

Livestock Slaughter under Federal Inspection:                                  

                               Cattle       Calves    Hogs          Sheep

Monday (est         114,000    2,000     473,000     9,000

Week ago (est)     119,000    2,000     456,000     9,000

Year ago (act)       115,000    1,000     457,000     5,000

 

Boxed Beef: 

Boxed beef cutout values steady on moderate demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings unevenly steady on light to moderate demand and offerings.

 

Cutout Values...              Choice       Select

Current Cutout Values:    203.21     191.81

Change from prior day:      -0.04       +0.07

Choice/Select spread:     +11.40

 

Futures: 

October Live Cattle Futures: 114.17… +0.37

December Live Cattle Futures: 118.25… +0.10

February Live Cattle Futures: 122.87… +0.35

October Feeder Cattle Futures: 157.67… -0.10

November Feeder Cattle Futures: 158.42… +0.20

January Feeder Cattle Futures: 154.82… +0.45

 

CME Feeder Cattle Index: 158.15… -0.03

October Hog Futures: 68.45… +0.25

Nearby Crude Oil Futures Contract: 74.29… -0.05

 

National Grain Market Summary:

No report due to the Columbus Day Federal Holiday.

 

December Corn Futures: 3.6650… -0.0175

November Soybean Futures: 8.6975… +0.0075

December Wheat Futures: 5.1400… -0.0700

Kansas City Corn: 3.20… Friday Close

Kansas City Soybeans: 8.49… Friday Close

Kansas City Wheat: 5.24… Friday Close

 

Financial Markets: 

Dow Jones Industrial Average: 26,486.78… +39.73

S & P 500: 2,884.51… -1.06

NASDAQ: 7,735.95… -52.50

U.S. Dollar Index: 95.73… +0.12

Cotton (www.ams.usda.gov): 

October Cotton Futures: 77.94… +1.45

Milk (www.cmegroup.com): 

October Class III Milk Futures: 15.84…+0.03