Sep 21 2020

Texas Daily Ag Market News Summary Posted 4 years 68 days ago by Administrator Account

Daily Market Summary for September 21^st

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle and Nebraska live purchases moved from 103.00 to 103.50 and dressed purchases, in Nebraska, moved from 163.00 to 164.00. For the prior week in Kansas live purchases moved mostly at 103.00. For the previous week in the Western Cornbelt live purchases moved from 103.00 to 105.00 and dressed purchases moved from 162.00 to 164.00.

   

Negotiated Sales:

Confirmed:              197

Week Ago:               188

Year Ago:                  74

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  52,500

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    162.54

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                  120,000

Year ago (act)                    115,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 216.22… +0.58

Select:  205.82… +1.88

Choice/Select Spread: 10.40

Total Load Count: 106

        

Cutter Cow Cutout:

178.50… +0.40

   

CME Feeder Cattle Index for September 17^th:

142.19… +0.98

            

Futures…

Live Cattle:

October: 106.70… -0.65

December: 110.60… -1.25

February: 115.25… -0.82

   

Feeder Cattle:

September: 141.07… +0.20

October: 142.25… -0.17

November: 142.72… +0.20

     

October Hogs: 65.60… -0.90

October Crude Oil: 39.31… -1.80

   

December Corn: 3.6975… -0.0875

December Wheat: 5.5475… -0.2025

   

Grain Cash Bids:

Kansas City Corn: 3.63… -0.06

Kansas City Wheat: 4.55… -0.17

   

Financial Markets:

DJIA: 27,147.24… -510.05

S & P 500: 3,218.09… -38.24

NASDAQ: 10,778.80… -14.48

U.S. Dollar Index: 93.55… +0.62