Oct 16 2020

Texas Daily Ag Market News Summary Posted 4 years 43 days ago by Administrator Account

Daily Market Summary for October 16^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 in Kansas, Nebraska, and the Western Cornbelt has been mostly inactive on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. The last reported market in the Southern Plains was on Wednesday at 108.00. In Nebraska live purchases moved at 108.00 on Thursday and dressed purchases moved at 169.00 on Wednesday. In the Western Cornbelt on Thursday, live purchases moved from 105.00-107.00 and dressed purchases moved from 167.00-168.00.

   

Negotiated Sales:

Confirmed:         6,006

Week Ago:        65,079

Year Ago:         42,859

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,300

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    173.97

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         116,000

Week ago (est)                  112,000

Year ago (act)                    108,000

Week to Date                    592,000

Same Period Last Week   584,000

Same Period Last year     570,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 210.03… -0.45

Select:  193.52… -2.98

Choice/Select Spread: 16.51

Total Load Count: 127

            

Cutter Cow Cutout:

167.57… +2.40

   

CME Feeder Cattle Index for October 14^th:

140.91... -0.01

            

Futures Settlements…

Live Cattle:

October: 107.15… -0.62

December: 108.62… -0.93

February: 111.47… -0.95

   

Feeder Cattle:

October: 138.10… -0.82

November: 135.02… -1.45

January: 129.32… -2.78

     

December Hogs: 69.80… -0.07

November Crude Oil: 40.88… -0.08

   

December Corn: 4.0200… -0.0175

December Wheat: 6.2525… +0.0700

   

Grain Cash Bids:

Kansas City Corn: 3.71… +0.01

Kansas City Wheat: 5.27… +0.01

   

Financial Markets:

DJIA: 28,606.84… +112.64

S & P 500: 3,483.91… +0.57

NASDAQ: 11,671.56… -42.31

U.S. Dollar Index: 93.72… -0.14