Oct 21 2020

Texas Daily Ag Market News Summary Posted 4 years 38 days ago by Administrator Account

Daily Market Summary for October 21^st

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in in the Southern Plains, not enough for a full market trend. The last reported live market was on Tuesday at 106.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week, live purchases have traded 3.00 lower from 104.00-105.00 and dressed purchases have traded 4.00-7.00 lower from 162.00-165.00. In the Western Cornbelt negotiated cash trade has been limited on light demand. Not enough for a full market trend. Last week in the Western Cornbelt live purchases traded from 106.00-108.00 and dressed purchases traded from 167.00-169.00.

The FCE On-Line Auction offered 1,096 head today with 588 sold @ weighted average price of $106.50 and 144 sold for 1 to 17 Day Delivery @ weighted average price $106.25.

   

Negotiated Sales:

Confirmed:       18,193

Week Ago:        26,679

Year Ago:            3,732

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,000

Weighted avg. weight:       896 lbs.

Weighted avg. net price:    174.38

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               121,000

Week ago (est)                  119,000

Year ago (act)                    119,000

Week to Date                    360,000

Same Period Last Week   356,000

Same Period Last year     355,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.47… -2.13

Select:  190.91… -0.76

Choice/Select Spread: 17.56

Total Load Count: 207

            

Cutter Cow Cutout:

163.49… -0.81

   

CME Feeder Cattle Index for October 20^th:

138.36… -0.30

            

Futures Settlements…

Live Cattle:

October: 103.65… -0.47

December: 104.57… -0.88

February: 108.07… -0.58

   

Feeder Cattle:

October: 134.40… -0.10

November: 131.15… +0.38

January: 127.07… +0.37

     

December Hogs: 69.20… -0.05

December Crude Oil: 40.03… -1.67

   

December Corn: 4.1375… +0.0500

December Wheat: 6.2975… -0.0225

   

Grain Cash Bids:

Kansas City Corn: 3.75… Unchanged

Kansas City Wheat: 5.38… -0.01

   

Financial Markets:

DJIA: 28,210.69… -98.10

S & P 500: 3,435.47… -7.65

NASDAQ: 11,484.69… -31.80

U.S. Dollar Index: 92.64… -0.43