Oct 01 2021

Texas Daily Ag Market News Summary Posted 3 years 58 days ago by Administrator Account

Daily Market Summary for October 1^st

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt with a few live purchases at 122.00, however not enough in either region for a full market trend. Negotiated cash trading has been at a standstill in the Southern Plains. The last reportable market in any region was on Wednesday. In the Texas Panhandle, live purchases traded at 124.00. In Kansas, live purchases traded from 121.00-124.00. In Nebraska, live and dressed purchases traded at 122.00 and 196.00, respectively. In the Western Cornbelt, live and dressed purchases traded from 122.00-123.00 and from 192.00-196.00, respectively.

 

Negotiated Sales:

Confirmed:          6,452      

Week Ago:           1,653

Year Ago:            9,629

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,000

Weighted avg. weight:       869.00

Weighted avg. net price:    199.84

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           107,000

Week ago (est)                     110,000

Year ago (act)                       118,000

Week to Date                      580,000

Same Period Last Week     587,000

Same Period Last Year       594,000

Thursday

Steers & Heifers:  94,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 292.36… -2.62

Select:  264.84… -4.48

Choice/Select Spread: 27.52

Total Load Count: 114

 

Cutter Cow Cutout:

231.53… -1.11

 

CME Feeder Cattle Index for September 30^th:

153.72… -0.06 / -0.04%

1 Year Change: +7.53%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 120.40… -0.17

December: 125.20… -0.52

February: 130.02… -0.63

 

Feeder Cattle:

October: 152.75… +0.20

November: 152.90… Unchanged

January: 153.85… -0.32

 

December Hogs: 85.17… -0.23

November Crude Oil: 75.88… +0.85

December Corn: 5.4150… +0.0475

December Wheat: 7.5525… +0.2975

 

Grain Cash Bids:

Omaha Corn: 5.47… +0.03

Kansas City Wheat: 7.27... +0.28

 

Financial Markets:

DJIA: 34,327.45… +484.12

S & P 500: 4,357.34… +50.13

NASDAQ: 14,564.76… +116.18

U.S. Dollar Index: 94.05… -0.18