Sep 10 2020

Texas Daily Ag Market News Summary Posted 4 years 79 days ago by Administrator Account

Daily Market Summary for September 10^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in all feeding regions. Not enough purchases for a full market trend. Wednesday was the last fully reported market in all regions. In the Southern Plains live purchases moved at 101.00. In Nebraska live purchases moved at 101.00 and dressed purchases moved from 160.00 to 161.00. In the Western Cornbelt live purchases moved from 100.00 to 101.00 and dressed purchases moved from 160.00 to 161.00.

   

Negotiated Sales:

Confirmed:              5,169

Week Ago:             11,659

Year Ago:                 7,792

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,500

Weighted avg. weight:       901 lbs.

Weighted avg. net price:    168.05

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   119,000

Week ago (est)                  118,000

Year ago (act)                    115,000

Week to Date                    360,000

Same Period Last Week   474,000

Same Period Last year     466,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 220.83… -2.12

Select:  207.32… -0.19

Choice/Select Spread: 13.51

Total Load Count: 198

        

Cutter Cow Cutout:

181.23… -0.58

   

CME Feeder Cattle Index for September 9^th:

141.10… +0.12

            

Futures…

Live Cattle:

October: 105.10… +0.40

December: 109.42… +0.27

February: 114.05… +0.63

   

Feeder Cattle:

September: 139.17… +0.77

October: 139.60… +1.35

November: 140.40… +1.45

     

October Hogs: 64.37… +3.00

October Crude Oil: 37.30… -0.75

   

December Corn: 3.6500… +0.0475

December Wheat: 5.4825… +0.0450

   

Grain Cash Bids:

Kansas City Corn: 3.47… +0.05

Kansas City Wheat: 4.42… +0.03

   

Financial Markets:

DJIA: 27,534.64… -405.83

S & P 500: 3,339.00… -59.99

NASDAQ: 10,919.59… -221.97

U.S. Dollar Index: 93.38… +0.12