Sep 16 2020

Texas Daily Ag Market News Summary Posted 4 years 73 days ago by Administrator Account

Daily Market Summary for September 16^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been slow with light demand. Compared to last week, in the Texas Panhandle, live purchases moved 1.50 to 2.00 higher from 103.00 to 103.50 on light test. In Kansas, when compared to the prior week, live purchases moved 2.00 higher at 103.00. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases in these regions for a market trend. For the prior week in Nebraska live purchases moved mostly at 101.00 and dressed purchases moved from 160.00-161.00. For the previous week in the Western Cornbelt live purchases moved from 100.00-103.00 and dressed purchases moved from 160.00-161.00.

The FCE On-Line Auction offered 613 head in Kansas & Texas on Wednesday with none sold. Offers of 102.25 were passed on 2 lots in KS & TX.

   

Negotiated Sales:

Confirmed:              13,352

Week Ago:               27,387

Year Ago:                  3,177

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,700

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    167.62

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    360,000

Same Period Last Week   241,000

Same Period Last year     356,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 215.38… -0.71

Select:  204.51… -1.77

Choice/Select Spread: 10.87

Total Load Count: 166

        

Cutter Cow Cutout:

178.16… -0.71

   

CME Feeder Cattle Index for September 14^th:

140.52… -0.93

            

Futures…

Live Cattle:

October: 106.72… -0.38

December: 111.95… +0.38

February: 116.25… +0.23

   

Feeder Cattle:

September: 140.50… -1.17

October: 142.42… -1.28

November: 143.52… -0.60

     

October Hogs: 65.22… -0.48

October Crude Oil: 40.16… +1.88

   

December Corn: 3.7175… +0.0575

December Wheat: 5.4200… +0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.62… +0.06

Kansas City Wheat: 4.43… +0.07

   

Financial Markets:

DJIA: 28,032.45… +36.85

S & P 500: 3,385.56… -15.63

NASDAQ: 11,050.47… -139.85

U.S. Dollar Index: 93.23… +0.18