Sep 30 2019

Texas Daily AG Market News Summary Posted 5 years 59 days ago by Administrator Account

Daily Market Summary for September 30th

  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 Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. The latest established market in all major feeding regions was last week. In the Southern Plains live cash trades moved at 103.00. In Nebraska live and dressed cash trades moved from 104.00-107.00 and mostly at 165.00, respectively. In Colorado live cash trades moved mostly at 106.00. In the Western Cornbelt live and dressed cash trades moved from 104.00-106.00 and mostly at 165.00.

    

Negotiated Sales:

Confirmed: 56 --- Week Ago: 74 --- Year Ago: 976

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 21,600

Weighted avg weight:             876

Weighted avg net price:    163.34

      

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 139.50 and 139.00 respectively. Prices are 2.00-4.00 higher than the previous week. All reported cash sales traded locally. Looking at the non-fed market butcher cows butcher cows traded mostly steady through commercial auction facilities last week. In terms of volumes September is known as the calm before the storm. Non-fed supplies are expected to increase moving forward but will remain manageable. 

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs          Sheep

Monday (est)         117,000    2,000     489,000     9,000

Week ago (est)      116,000    2,000     443,000     9,000

Year ago (act)       117,000    2,000     450,000     8,000

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

                            Friday           93,000                    23,000

                        Saturday           54,000                    11,000

                                                 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     212.44     187.11

Change from prior day:        -0.14        -2.75

Choice/Select spread:          25.33

Total Load Count (Cuts, Trimmings, Grinds): 106

  

Cutter Cow Cutout: 172.91… -1.36

  

CME Feeder Cattle Index: 142.51… +0.74

  

Futures…

Live Cattle:

October: 104.57… -0.45

December: 110.30… -0.27

February: 116.62… +0.42

Feeder Cattle:

October: 142.40… -1.92

November: 141.92… -1.05

January: 138.32… -0.38

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December Hogs: 72.60… +2.75

November Crude Oil: 54.07… -1.84

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December Corn: 3.8800… +0.1650

December Soybeans: 9.0600… +0.2300

December Wheat: 4.9575… +0.0850

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Grain Cash Bids:

Kansas City Corn: 3.78… +0.16

Kansas City Soybeans: 8.46… +0.23

Kansas City Wheat: 4.83… +0.08

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Financial Markets:

Dow Jones Industrial Average: 26,916.22… +95.97

S & P 500: 2,976.64… +14.84

NASDAQ: 7,999.34… +59.71

U.S. Dollar Index: 99.38… +0.28