Sep 19 2019

Texas Daily Ag Market News Summary Posted 5 years 70 days ago by Administrator Account

Daily Market Summary for September 19th

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

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in Kansas. A few live cash trades moved at 101.00. In the Texas Panhandle, Northern Plains and Western Cornbelt negotiated cash trading has been inactive with very light demand. However, not enough trades for a market trend in any feeding region. Last week in the Texas Panhandle live trades moved mostly at 99.00. In Kansas live trades moved from 99.00-100.00 for the prior week. In Northern Plains live trades moved from 100.00-101.00 and dressed trades, in Nebraska, ranged from 155.00-160.00 for the previous week. Last week in the Western Cornbelt live trades moved from 100.00-102.00 and dressed trades moved mostly at 160.00.

    

Negotiated Sales:

Confirmed: 7,948 --- Week Ago: 7,792 --- Year Ago: 15,031

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,400

Weighted avg weight:             874

Weighted avg net price:    162.88

      

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 228.00-232.00 delivered. Bids are steady to 2.00 higher than the previous week. With Alberta fed prices at a premium to the US market. US buying interest on the on the western Canadian cash market has been limited to non-existent. Even though bids are higher this week, sellers do not seem to be motivated to market cattle. 

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves     Hogs          Sheep

Thursday (est          116,000    2,000      488,000      7,000

Week ago (est)       114,000    2,000       486,000      7,000

Year ago (act)          118,000    2,000      438,000      8,000

Week to date (est)  467,000    8,000   1,951,000    31,000

Last Week (est)       462,000    8,000   1,943,000    31,000

Last Year (act)        470,000   11,000   1,708,000    31,000

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

                     Wednesday          91,000                     25,000

    

                                                 

Boxed Beef: 

Boxed beef cutout values steady on moderate demand and moderate offerings. Select and Choice rib, loin and round cuts steady to weak. Choice chuck cuts steady while Select higher. Beef trimmings sharply lower on light demand and heavy offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     218.17     192.16

Change from prior day:        -0.07       +0.19

Choice/Select spread:          26.01

Total Load Count (Cuts, Trimmings, Grinds): 139

  

Cutter Cow Cutout: Unavailable

  

CME Feeder Cattle Index: 137.29… -0.04

  

Futures…

Live Cattle:

October: 99.80… -0.57

December: 105.82… -0.33

February: 112.52… +0.15

Feeder Cattle:

September: 139.95… +0.08

October: 138.92… +0.52

November: 137.25… +0.95

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September Hogs: 61.40… -1.52

October Crude Oil: 58.13… +0.02

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December Corn: 3.7275… +0.0150

December Soybeans: 8.9300… +0.0425

December Wheat: 4.8800… -0.0150

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Grain Cash Bids:

Kansas City Corn: 3.67… +0.01

Kansas City Soybeans: 8.35… +0.05

Kansas City Wheat: 4.76… -0.01

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Financial Markets:

Dow Jones Industrial Average: 27,094.52… -52.56

S & P 500: 3,006.76… +0.05

NASDAQ: 8,182.88… +5.49

U.S. Dollar Index: 98.34… -0.22