Sep 25 2020

Texas Daily Ag Market News Summary Posted 4 years 64 days ago by Administrator Account

Daily Market Summary for September 25^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, negotiated cash trading has been limited on light demand in the 5 Area feeding regions. Not enough purchases in any price range for a full market trend. Thursday was the last fully reported market in any region. In the 5 Area feeding region live purchases moved mostly at 105.00, and in Nebraska and Western Cornbelt dressed purchases moved mostly at 165.00.

   

Negotiated Sales:

Confirmed:              9,570

Week Ago:             12,092

Year Ago:               25,897

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,200

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    166.86

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         112,000

Week ago (est)                  111,000

Year ago (act)                    114,000

Week to Date                    594,000

Same Period Last Week   590,000

Same Period Last year     582,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 219.34… +1.86

Select:  206.98… -0.76

Choice/Select Spread: 12.36

Total Load Count: 138

 

Total red meat production under Federal inspection for the week ending Saturday, September 26, 2020 was estimated at 1102.3 million lbs. This was 1.6 percent higher than a week ago and 0.6 percent higher than a year ago.  Cumulative meat production for the year to date was 0.1 percent higher compared to the previous year.

          

Cutter Cow Cutout:

178.83… -0.24

   

CME Feeder Cattle Index for September 24^th:

142.23… -0.36

            

Futures…

Live Cattle:

October: 107.57… -0.45

December: 111.40… -0.87

February: 114.60… -1.05

   

Feeder Cattle:

October: 140.32… -1.95

November: 140.15… -2.20

January: 138.82… -2.08

     

October Hogs: 71.75… +2.28

November Crude Oil: 40.25… -0.06

   

December Corn: 3.6525… +0.0175

December Wheat: 5.4425… -0.0550

   

Grain Cash Bids:

Kansas City Corn: 3.59… +0.01

Kansas City Wheat: 4.43… -0.08

   

Financial Markets:

DJIA: 27,174.61… +359.17

S & P 500: 3,298.48… +51.92

NASDAQ: 10,913.56… +241.29

U.S. Dollar Index: 94.59… +0.24