Oct 27 2020

Texas Daily Ag Market News Summary Posted 4 years 32 days ago by Administrator Account

Daily Market Summary for October 27^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Nebraska and the Texas Panhandle has been mostly inactive on very light demand. In Kansas and the Western Cornbelt 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:           670

Week Ago:       13,756

Year Ago:              413

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,600

Weighted avg. weight:       912 lbs.

Weighted avg. net price:    171.74

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     117,000

Week ago (est)                  121,000

Year ago (act)                    113,000

Week to Date                    232,000

Same Period Last Week   239,000

Same Period Last year     229,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 206.70… -1.13

Select:  188.67… +0.18

Choice/Select Spread: 18.03

Total Load Count: 175

            

Cutter Cow Cutout:

163.37… -0.01

   

CME Feeder Cattle Index for October 26^th:

133.64… -0.06

            

Futures Settlements…

Live Cattle:

October: 104.85… +0.88

December: 104.05… +0.65

February: 107.02… +0.62

   

Feeder Cattle:

October: 134.30… +0.60

November: 132.30… +1.73

January: 128.42… +1.65

     

December Hogs: 67.65… -0.10

December Crude Oil: 39.57… +1.01

   

December Corn: 4.1600… -0.0175

December Wheat: 6.1575… -0.0425

   

Grain Cash Bids:

Kansas City Corn: 4.10… -0.02

Kansas City Wheat: 5.19… -0.03

   

Financial Markets:

DJIA: 27,463.26… -222.45

S & P 500: 3,390.69… -10.27

NASDAQ: 11,431.35… +72.41

U.S. Dollar Index: 92.96… -0.09