Sep 24 2019

Texas Daily Ag Market Summary Posted 5 years 65 days ago by Administrator Account

Daily Market Summary for September 24^th

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 cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains at 101.00. In the Northern Plains last week, live purchases traded mostly at 102.00 with dressed purchases in Nebraska from 160.00-165.00, bulk at 162.00. In the Western Cornbelt last week, live purchases traded from 100.00-104.00, bulk at 102.00 with dressed purchases from 160.00-165.00.

    

Negotiated Sales:

Confirmed: 157 --- Week Ago: 1,154 --- Year Ago: 9,721

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 21,400

Weighted avg weight:             877

Weighted avg net price:    159.67

      

Alberta Beef Producers Daily Report: Alberta CA

It was a typically quiet day for fed cattle trade on Monday. Showlist volumes are 8% larger than last week. Feedlots are generally current, but will continue to look to move cattle as market ready numbers remain ample. Packers continue to add some Saturday shifts to work through local supplies, while cow slaughter the last few weeks have been below a year ago.  

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle      Calves    Hogs         Sheep

Tuesday (est)           117,000    2,000     489,000     8,000

Week ago (est)        118,000    2,000     488,000     8,000

Year ago (act)          119,000    2,000     470,000      8,000

Week to date (est)   233,000    4,000     932,000    17,000

Last Week (est)       235,000    4,000     975,000    17,000

Last Year (act)         237,000    4,000     939,000    16,000

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

                         Monday            93,000                     23,000

                                                 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     215.39     189.66

Change from prior day:        -1.06        -1.18

Choice/Select spread:          25.73

Total Load Count (Cuts, Trimmings, Grinds): 136

  

Cutter Cow Cutout: 174.43… -0.65

  

CME Feeder Cattle Index: 139.80… +0.12

  

Futures…

Live Cattle:

October: 102.12… +0.27

December: 107.42… -0.35

February: 113.95… -0.15

Feeder Cattle:

September: 141.25… -0.35

October: 141.65… +0.40

November: 140.20… +0.48

---

December Hogs: 69.10… +0.73

November Crude Oil: 57.29… -1.35

---

December Corn: 3.7475… +0.0150

December Soybeans: 8.9425… +0.0175

December Wheat: 4.8175… -0.0125

---

Grain Cash Bids:

Kansas City Corn: 3.65… +0.02

Kansas City Soybeans: 8.36… +0.02

Kansas City Wheat: 4.69… -0.02

---

Financial Markets:

Dow Jones Industrial Average: 26,810.01… -139.98

S & P 500: 2,966.78… -25.00

NASDAQ: 7,993.63… -118.83

U.S. Dollar Index: 98.33… -0.27