Oct 07 2020

Texas Daily Ag Market News Summary Posted 4 years 52 days ago by Administrator Account

Daily Market Summary for October 7^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand with a few early dressed purchases at 169.00 in both regions. In the Southern Plains negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region 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 the previous week.

 

The FCE On-Line Auction offered 470 head on today with 2 pens totaling 367 head in Texas sold at a weighted average price of $108.50.  A pen in Nebraska went unsold on a $108.25 asking price.

   

Negotiated Sales:

Confirmed:      4,434

Week Ago:       5,904

Year Ago:           846

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,100

Weighted avg. weight:       901 lbs.

Weighted avg. net price:    173.10

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               119,000

Week ago (est)                  120,000

Year ago (act)                    118,000

Week to Date                    355,000

Same Period Last Week   358,000

Same Period Last year     354,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 216.88… +0.64

Select:  205.58… -1.26

Choice/Select Spread: 11.30

Total Load Count: 159

            

Cutter Cow Cutout:

165.34… +0.24

   

CME Feeder Cattle Index for October 6^th:

142.71… -0.39

            

Futures Settlements…

Live Cattle:

October: 110.17… +0.97

December: 113.10… +1.15

February: 115.92… +0.57

   

Feeder Cattle:

October: 138.50… +0.38

November: 137.87… +0.35

January: 136.32… 0.17

     

October Hogs: 76.87… +0.55

November Crude Oil: 39.95… -0.72

   

December Corn: 3.8875… +0.0375

December Wheat: 6.0750… +0.1475

   

Grain Cash Bids:

Kansas City Corn: 3.71… +0.01

Kansas City Wheat: 5.13… +0.11

   

Financial Markets:

DJIA: 28,303.46… +530.70

S & P 500: 3,419.43… +58.47

NASDAQ: 11,364.60… +210.00

U.S. Dollar Index: 93.64… -0.05