Oct 26 2020

Texas Daily Ag Market News Summary Posted 4 years 33 days ago by Administrator Account

Daily Market Summary for October 26^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in Nebraska and the Western Cornbelt has been mostly inactive on very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 106.00. Last week in Nebraska live purchases traded at 105.00 and dressed purchases from 162.00-166.00. In the Western Cornbelt last week, live purchases traded from 103.00-105.00 and dressed purchases from 163.00-165.00

   

Negotiated Sales:

Confirmed:           410

Week Ago:       14,911

Year Ago:              105

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,600

Weighted avg. weight:       901 lbs.

Weighted avg. net price:    171.20

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     118,000

Week ago (est)                  118,000

Year ago (act)                    116,000

Previous Day (est)

Steers & Heifers:  80,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 207.83… +0.34

Select:  188.49… -2.91

Choice/Select Spread: 19.34

Total Load Count: 135

            

Cutter Cow Cutout:

163.38… +0.07

   

CME Feeder Cattle Index for October 23^rd:

133.70… -0.31

            

Futures Settlements…

Live Cattle:

October: 103.97… +0.62

December: 103.40… -0.17

February: 106.40… -0.22

   

Feeder Cattle:

October: 133.70… -0.18

November: 130.57… +0.92

January: 126.77… +1.22

     

December Hogs: 67.75… +0.73

December Crude Oil: 38.56… -1.29

   

December Corn: 4.1775… -0.0150

December Wheat: 6.2000… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 4.12… -0.01

Kansas City Wheat: 5.22… -0.16

   

Financial Markets:

DJIA: 27,685.71… -650.19

S & P 500: 3,400.96… -64.48

NASDAQ: 11,358.94… -189.94

U.S. Dollar Index: 93.07… -0.30