Sep 13 2019

Texas Daily Ag Market News Summary Posted 5 years 76 days ago by Administrator Account

Daily Market Summary for September 13th

 The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all feeding regions. In Kansas a few live cash trades moved from 99.00-100.00. However, not enough trades for a full market trend in any feeding region. In the Texas Panhandle the last reported market was Thursday with live trades at 99.00. For the prior week in Kansas live trades moved at 100.00. For the previous week in Nebraska live and dressed trades moved from 99.00-103.00 and mostly 165.00-167.00, respectively. Last week in the Western Cornbelt live and dressed trades moved from 100.00-107.00 and 163.00-168.00, respectively.

   

Negotiated Sales:

Confirmed: 11,476 --- Week Ago: 9,014 --- Year Ago: 12,783

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 25,100

Weighted avg weight:             872

Weighted avg net price:    162.70

     

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales ranging from 226.00-230.00 delivered. Sales are 6.00-7.00 lower than the previous week. Buyers were indicating cattle that they bought this week would not be lifted until early October. For the cattle feeder it was just another week of marketing the cattle that need to be sold in order to keep weight under control. Sale volumes are light and some cattle will be carried into next week.

 

Livestock Slaughter under Federal Inspection:                                 

                                   Cattle       Calves     Hogs          Sheep

Friday (est                 109,000     2,000      476,000      5,000

Week ago (est)         115,000     2,000      424,000      7,000

Year ago (act)           120,000     3,000      395,000      7,000

Week to date (est)    571,000   10,000   2,419,000    36,000

Last Week (est)         464,000     8,000   1,847,000    29,000

Last Year (act)          601,000   13,000   2,145,000    37,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls   

                         Thursday           89,000                      25,000          

                                                

Boxed Beef:

Boxed beef cutout steady on Select and higher on Choice on moderate to good demand and offerings. Select and Choice rib and round cuts steady to firm while loin cuts firm to higher. Select chuck cuts lower while Choice steady. Beef trimmings steady to weak on moderate demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     219.99     198.60

Change from prior day:      +0.91         0.00

Choice/Select spread:        22.28

Total Load Count (Cuts, Trimmings, Grinds): 127

 

Cutter Cow Cutout: 175.95… +0.16

 

CME Feeder Cattle Index: 136.09… -0.56

 

Futures…

Live Cattle:

October: 98.07… -0.65

December: 104.37… -0.58

February: 111.10… -0.10

Feeder Cattle:

September: 136.50… -0.35

October: 134.57… +0.07

November: 134.02… +0.12

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September Hogs: 66.47… +3.30

October Crude Oil: 54.85… -0.25

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December Corn: 3.6875… +0.0150

December Soybeans: 8.9875… +0.0325

December Wheat: 4.8350… -0.0025

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Grain Cash Bids:

Kansas City Corn: 3.66… +0.01

Kansas City Soybeans: 8.41… -0.03

Kansas City Wheat: 4.71… Unchanged

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Financial Markets:

Dow Jones Industrial Average: 27,219.52… +37.07

S & P 500: 3,007.38… -2.19

NASDAQ: 8,176.71… -17.76

U.S. Dollar Index: 98.21… -0.10