Sep 26 2019

Texas Daily Market News Summary Posted 5 years 63 days ago by Administrator Account

Daily Market Summary for September 26thThe Daily Market News Report is 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 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: 548 --- Week Ago: 7,948 --- Year Ago: 15,327

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 17,500

Weighted avg weight:           873

Weighted avg net price:   162.83

      

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 232.00-235.00 delivered. Bids are 2.00 higher than the previous week. No live bids have been reported but however using a 60% dressing percentage dressed bids are working back on either side of 140.00 on a live basis. Buying interest has been noted from two out of the three western Canadian packers. 

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves     Hogs          Sheep

Thursday (est)         117,000    2,000      490,000       7,000

Week ago (est)        116,000    2,000      483,000       7,000

Year ago (act)          121,000    2,000      470,000       8,000

Week to date (est)  467,000    8,000   1,878,000    31,000

Last Week (est)        467,000    8,000   1,946,000    31,000

Last Year (act)          477,000    8,000   1,881,000    31,000

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

                     Wednesday          91,000                     26,000

                                                 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     213.51     190.39

Change from prior day:        -1.12       +0.56

Choice/Select spread:          23.12

Total Load Count (Cuts, Trimmings, Grinds): 135

  

Cutter Cow Cutout: 173.01… -0.86

  

CME Feeder Cattle Index: 141.13… +1.10

  

Futures…

Live Cattle:

October: 102.95… -0.05

December: 108.75… +0.25

February: 115.00… +0.28

Feeder Cattle:

September: 141.50… -0.07

October: 143.10… +0.65

November: 141.45… +0.33

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December Hogs: 70.37… -1.03

November Crude Oil: 56.41… -0.08

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December Corn: 3.7250… -0.0175

December Soybeans: 8.8850… -0.0075

December Wheat: 4.8425… +0.0700

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Grain Cash Bids:

Kansas City Corn: 3.63… -0.01

Kansas City Soybeans: 8.29… Unchanged

Kansas City Wheat: 4.72… +0.07

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Financial Markets:

Dow Jones Industrial Average: 26,892.07... -78.64

S & P 500: 2,977.70... -7.17

NASDAQ: 8,030.66... -46.72

U.S. Dollar Index: 99.21... +0.17