Oct 05 2020

Texas Daily Ag Market News Summary Posted 4 years 54 days ago by Administrator Account

Daily Market Summary for October 5^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. In Nebraska and the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the 5 Area feeding regions live purchases moved mostly at 107.00. For the prior week in Nebraska dressed purchases moved at 168.00. In the Western Cornbelt dressed purchases moved from 167.00-168.00 for previous week.

   

Negotiated Sales:

Confirmed:           47

Week Ago:          183

Year Ago:           104

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,400

Weighted avg. weight:       886 lbs.

Weighted avg. net price:    167.56

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  112,000

Year ago (act)                    110,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 216.98… -1.90

Select:  208.01… +0.40

Choice/Select Spread: 8.97

Total Load Count: 132

            

Cutter Cow Cutout:

172.80… +1.97

   

CME Feeder Cattle Index for October 2^nd:

142.74… -0.22

            

Futures Settlements…

Live Cattle:

October: 108.82… +0.65

December: 111.75… +0.65

February: 115.22… +0.50

   

Feeder Cattle:

October: 140.05… +0.15

November: 139.92… +0.05

January: 138.12… +0.12

     

October Hogs: 74.75… +0.25

November Crude Oil: 39.22… +2.17

   

December Corn: 3.7950… -0.0025

December Wheat: 5.8425… +0.1100

   

Grain Cash Bids:

Kansas City Corn: 3.67… +0.01

Kansas City Wheat: 4.92… +0.14

   

Financial Markets:

DJIA: 28,148.64… +465.83

S & P 500: 3,408.62… +60.18

NASDAQ: 11,332.49… +257.47

U.S. Dollar Index: 93.47… -0.37