Sep 20 2021

Texas Daily Ag Market News Summary Posted 3 years 69 days ago by Administrator Account

Daily Market Summary for September 20^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. In Nebraska live and dressed purchases traded at 124.00 and mostly 200.00, respectively. In the Western Cornbelt live and dressed purchases traded from 123.00-124.00 and from 196.00-200.00, respectively.

 

Negotiated Sales:

Confirmed:     None      

Week Ago:       301

Year Ago:        188

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  39,900

Weighted avg. weight:       872.00

Weighted avg. net price:    200.44

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     114,000

Year ago (act)                       118,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 315.66… +1.19

Select:  280.75… +1.00

Choice/Select Spread: 34.91

Total Load Count: 84

 

Cutter Cow Cutout:

234.61... -0.62

 

CME Feeder Cattle Index for September 17^th:

153.75… -0.85 / -0.55%

1 Year Change: +8.29%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.77… -0.03

December: 128.07… +0.55

February: 131.52… -0.03

 

Feeder Cattle:

September: 155.00… +0.13

October: 156.67… +0.30

November: 156.62… +0.52

 

October Hogs: 84.97… -0.75

October Crude Oil: 70.29… +1.68

December Corn: 5.2175… -0.0550

December Wheat: 7.0075… -0.0800

 

Grain Cash Bids:

Omaha Corn: 5.90… -0.02

Kansas City Wheat: 6.64… -0.13

 

Financial Markets:

DJIA: 33,970.80… -612.10

S & P 500: 4,357.64… -75.21

NASDAQ: 14,713.90… -330.07

U.S. Dollar Index: 93.23… +0.04