Sep 23 2020

Texas Daily Ag Market News Summary Posted 4 years 66 days ago by Administrator Account

Daily Market Summary for September 23^rd

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 Wednesday, negotiated cash trade has been very limited on light demand in all feeding regions. Not enough purchases in any region for an adequate market trend. The latest established market in any region was for the prior week. In the Texas Panhandle live purchases moved from 103.00-103.50. In Kansas live purchases moved at 103.00. In Nebraska live purchases moved from 103.00-103.50 with dressed purchases from 163.00-164.00. In the Western Cornbelt live purchases moved from 103.00-105.00 and dressed purchases from 162.00-164.00.

   

Negotiated Sales:

Confirmed:              3,153

Week Ago:             13,352

Year Ago:                   310

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,100

Weighted avg. weight:       879 lbs.

Weighted avg. net price:    167.62

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               121,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    241,000

Same Period Last Week   240,000

Same Period Last year     232,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 215.87… +0.43

Select:  207.60… +1.30

Choice/Select Spread: 8.27

Total Load Count: 169

        

Cutter Cow Cutout:

175.24… -2.23

   

CME Feeder Cattle Index for September 22^nd:

142.28… -0.17

            

Futures…

Live Cattle:

October: 107.15… +0.68

December: 111.20… +1.03

February: 114.80… +0.60

   

Feeder Cattle:

September: 142.00… +0.30

October: 141.52… +0.90

November: 141.65… +0.48

     

October Hogs: 69.50… +1.18

November Crude Oil: 39.93… +0.13

   

December Corn: 3.6850… -0.0075

December Wheat: 5.4900… -0.0900

   

Grain Cash Bids:

Kansas City Corn: 3.62… -0.01

Kansas City Wheat: 4.52… -0.08

   

Financial Markets:

DJIA: 26,763.13… -524.91

S & P 500: 3,236.93… -78.64

NASDAQ: 10,632.99… -330.65

U.S. Dollar Index: 94.37… +0.38