Sep 18 2020

Texas Daily Ag Market News Summary Posted 4 years 71 days ago by Administrator Account

Daily Market Summary for September 18^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday in Nebraska, negotiated cash trade was slow on light demand. Compared to the last reported market on Thursday dressed purchases moved 2.00 higher at 165.00. Not enough live purchases for a market trend. Thursday was the last reported live purchase market with purchases at 103.50. So far for Friday in the Southern Plains and Western Cornbelt negotiated cash trade has been inactive on light demand. Not enough purchases in these regions for a market trend. Wednesday was last reported market in the Southern Plains. In the Texas Panhandle live purchases moved from 103.00-103.50. In Kansas live purchases moved at 103.00. Thursday was the last reported market in the Western Cornbelt. Live purchases moved from 104.00-105.00 and dressed purchases at 163.00.

   

Negotiated Sales:

Confirmed:              12,056

Week Ago:                 7,953

Year Ago:                 21,993

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,200

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    162.97

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         111,000

Week ago (est)                  119,000

Year ago (act)                    116,000

Week to Date                    590,000

Same Period Last Week   479,000

Same Period Last year     587,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 215.64… +0.59

Select:  203.94… +0.55

Choice/Select Spread: 11.70

Total Load Count: 147

        

Cutter Cow Cutout:

178.10… -0.96

   

CME Feeder Cattle Index for September 17^th:

142.18… +0.97

            

Futures…

Live Cattle:

October: 107.35… +0.58

December: 111.85… +0.53

February: 116.07… +0.32

   

Feeder Cattle:

September: 140.87… +0.95

October: 142.42… +0.97

November: 142.52… +0.32

     

October Hogs: 66.50… -0.02

October Crude Oil: 41.11… +0.14

   

December Corn: 3.7850… +0.0325

December Wheat: 5.7500… +0.1875

   

Grain Cash Bids:

Kansas City Corn: 3.69… +0.04

Kansas City Wheat: 4.72… +0.16

   

Financial Markets:

DJIA: 27,657.29… -244.69

S & P 500: 3,319.33… -37.68

NASDAQ: 10,793.28… -117.00

U.S. Dollar Index: 92.96… -0.01