Sep 24 2020

Texas Daily Ag Market News Summary Posted 4 years 65 days ago by Administrator Account

Daily Market Summary for September 24^th

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

---

Slaughter Cattle:

As of 3:00 PM Thursday negotiated cash trading has been slow on light to moderate demand in Kansas, Nebraska and Western Cornbelt. In Kansas a few live purchases moved at 105.00. In Nebraska a few dressed purchases moved at 165.00. In the Western Cornbelt a few live and dressed purchases moved from 104.00 to 105.00 and 165.00, respectively. So far for Thursday in the Texas Panhandle negotiated cash trading has been inactive on very light demand. Not enough purchases in any region for a full 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:            13,716

Week Ago:             20,447

Year Ago:                   548

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,300

Weighted avg. weight:       908 lbs.

Weighted avg. net price:    167.27

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   121,000

Week ago (est)                  119,000

Year ago (act)                    118,000

Week to Date                    482,000

Same Period Last Week   479,000

Same Period Last year     468,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 217.48… +1.61

Select:  207.74… 0.14

Choice/Select Spread: 9.74

Total Load Count: 123

        

Cutter Cow Cutout:

179.07… +3.83

   

CME Feeder Cattle Index for September 23^rd:

142.59… +0.31

            

Futures…

Live Cattle:

October: 108.02… +0.87

December: 112.27… +1.07

February: 115.65… +0.85

   

Feeder Cattle:

September: 142.45… +0.45

October: 142.27… +0.75

November: 142.35… +0.70

     

October Hogs: 69.47… -0.03

November Crude Oil: 40.31… +0.38

   

December Corn: 3.6350… -0.0500

December Wheat: 5.4975… +0.0075

   

Grain Cash Bids:

Kansas City Corn: 3.58… -0.04

Kansas City Wheat: 4.51… -0.01

   

Financial Markets:

DJIA: 26,815.44… +52.31

S & P 500: 3,246.56… +9.63

NASDAQ: 10,672.27… +39.28

U.S. Dollar Index: 94.32… -0.07