Oct 04 2021

Texas Daily Ag Market News Summary Posted 3 years 55 days ago by Administrator Account

Daily Market Summary for October 4^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 122.00-124.00. In Nebraska live and dressed purchases traded mostly at 122.00 and 196.00, respectively. In the Western Cornbelt live and dressed purchases traded mostly at 122.00 and from 192.00-197.00, respectively.

 

Negotiated Sales:

Confirmed:                12    

Week Ago:               503

Year Ago:                183

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  46,700

Weighted avg. weight:      879.00

Weighted avg. net price:   199.53

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        120,000

Week ago (est)                     119,000

Year ago (act)                      116,000

Friday

Steers & Heifers:  83,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 289.18… -3.18

Select:  265.16… +0.32

Choice/Select Spread: 24.02

Total Load Count: 103

 

Cutter Cow Cutout:

232.26… +0.73

 

CME Feeder Cattle Index for October 24^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: 122.65… +2.22

December: 128.05… +2.85

February: 132.40 … +2.38

 

Feeder Cattle:

October: 155.00… +2.25

November: 155.02… +2.12

January: 155.55… +1.70

 

December Hogs: 83.10… 2.07

November Crude Oil: 77.62… +1.74

December Corn: 5.4075… -0.0075

December Wheat: 7.5650… +0.1225

 

Grain Cash Bids:

Omaha Corn: 5.46… -0.01

Kansas City Wheat: 7.21… 0.06

 

Financial Markets:

DJIA: 34,012.16… -315.29

S & P 500: 4,301.60… -55.74

NASDAQ: 14,258.37… -306.39

U.S. Dollar Index: 93.80… -0.24