Sep 28 2020

Texas Daily Ag Market News Summary Posted 4 years 61 days ago by Administrator Account

Daily Market Summary for September 28^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in all major feeding regions live purchases moved at 105.00. In Nebraska and Western Cornbelt dressed purchases moved at 165.00.

   

Negotiated Sales:

Confirmed:              183

Week Ago:               197

Year Ago:                  56

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  36,600

Weighted avg. weight:       895 lbs.

Weighted avg. net price:    164.69

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     118,000

Week ago (est)                  120,000

Year ago (act)                    116,000

Previous Day (est)

Steers & Heifers:  87,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 217.72… -1.62

Select:  206.42… -0.56

Choice/Select Spread: 11.30

Total Load Count: 148

            

Cutter Cow Cutout:

173.83… -5.00

   

CME Feeder Cattle Index for September 25^th:

142.61… +0.38

            

Futures Settlement…

Live Cattle:

October: 107.95… +0.38

December: 111.65… +0.25

February: 115.02… +0.42

   

Feeder Cattle:

October: 140.92… +0.60

November: 141.10… +0.95

January: 139.15… +0.33

     

October Hogs: 72.70… +0.95

November Crude Oil: 40.60… +0.35

   

December Corn: 3.6675… +0.0150

December Wheat: 5.5025… +0.0600

   

Grain Cash Bids:

Kansas City Corn: 3.60… +0.01

Kansas City Wheat: 4.51… +0.08

   

Financial Markets:

DJIA: 27,583.46… +408.85

S & P 500: 3,351.69… +53.21

NASDAQ: 11,117.53… +203.97

U.S. Dollar Index: 94.27… -0.37