Oct 08 2020

Texas Daily Ag Market News Summary Posted 4 years 51 days ago by Administrator Account

Daily Market Summary for October 8^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading in Kansas has been slow on light to moderate demand. Compared to last week live purchases moved steady to 1.00 higher from 107.00-108.00, mostly 108.00. In Nebraska the Western Cornbelt negotiated cash trading has been limited on light demand with a few live purchases in Nebraska at 108.00. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in these regions for a market trend. Last week in the Texas Panhandle, Nebraska, and the Western Cornbelt live purchases moved mostly at 107.00. In Nebraska dressed purchases moved at 168.00. In the Western Cornbelt dressed purchases moved from 167.00-168.00 for the previous week.

   

Negotiated Sales:

Confirmed:      12,569

Week Ago:       27,248

Year Ago:          1,873

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,900

Weighted avg. weight:       901 lbs.

Weighted avg. net price:    173.05

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   117,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    472,000

Same Period Last Week   478,000

Same Period Last year     471,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 216.00… -0.88

Select:  203.10… -2.48

Choice/Select Spread: 12.90

Total Load Count: 162

            

Cutter Cow Cutout:

166.38… +1.04

   

CME Feeder Cattle Index for October 7^th:

142.60… -0.11

            

Futures Settlements…

Live Cattle:

October: 109.70… -0.47

December: 112.62… -0.48

February: 115.00… -0.92

   

Feeder Cattle:

October: 138.05… -0.45

November: 136.45… -1.42

January: 134.97… -1.35

     

October Hogs: 77.35… +0.48

November Crude Oil: 41.19... +1.24

   

December Corn: 3.8700… -0.0175

December Wheat: 5.9525… -0.1225

   

Grain Cash Bids:

Kansas City Corn: 3.68… -0.03

Kansas City Wheat: 4.97… -0.16

   

Financial Markets:

DJIA: 28,425.51… +122.05

S & P 500: 3,446.83… +27.40

NASDAQ: 11,420.98… +56.38

U.S. Dollar Index: 93.62… -0.01