Sep 17 2020

Texas Daily Ag Market News Summary Posted 4 years 72 days ago by Administrator Account

Daily Market Summary for September 17^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trading and demand have been moderate. In Nebraska, when compared to last week, dressed purchases moved 2.00 to 3.00 higher at 163.00. Not enough live purchases for a market trend. Wednesday was the last reported live purchase market at 103.00, on a light test. In the Western Cornbelt, when compared to the prior week, live purchases moved 2.00 to 4.00 higher mostly from 104.00 to 105.00. Not enough dressed purchases for a market trend. The last reported dressed purchase market was on Wednesday mostly at 162.00. So far for Thursday in Kansas negotiated cash trading has been limited on light to moderate demand. Live purchases moved steady at 103.00, with a few up to 105.00. In the Texas Panhandle negotiated cash trading has been at a standstill. Wednesday was the last reported live purchase market from 103.00 to 103.50.

    

Negotiated Sales:

Confirmed:              20,447

Week Ago:                 5,169

Year Ago:                  7,948

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,700

Weighted avg. weight:       891 lbs.

Weighted avg. net price:    165.96

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   119,000

Week ago (est)                  119,000

Year ago (act)                    115,000

Week to Date                    479,000

Same Period Last Week   360,000

Same Period Last year     471,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 215.05… -0.33

Select:  203.39… -1.12

Choice/Select Spread: 11.66

Total Load Count: 217

        

Cutter Cow Cutout:

179.06… +0.90

   

CME Feeder Cattle Index for September 15^th:

140.60… +0.08

            

Futures…

Live Cattle:

October: 106.77… +0.05

December: 111.32… -0.63

February: 115.75… -0.50

   

Feeder Cattle:

September: 139.92… -0.58

October: 141.45… -0.97

November: 142.20… -1.32

     

October Hogs: 66.52… +1.30

October Crude Oil: 40.97... +0.81

   

December Corn: 3.7525… +0.0350

December Wheat: 5.5625… +0.1425

   

Grain Cash Bids:

Kansas City Corn: 3.65… +0.03

Kansas City Wheat: 4.56… +0.13

   

Financial Markets:

DJIA: 27,901.98… -130.47

S & P 500: 3,357.01… -28.55

NASDAQ: 10,910.28… -140.19

U.S. Dollar Index: 92.90… -0.31