Oct 05 2021

Texas Daily Ag Market News Summary Posted 3 years 54 days ago by Administrator Account

Daily Market Summary for October 5^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in all regions, negotiated cash trading has been mostly inactive with 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:            2,995    

Week Ago:             2,481

Year Ago:                 640

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,900

Weighted avg. weight:       878.00

Weighted avg. net price:    203.56

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     117,000

Year ago (act)                       120,000

Week to Date                       242,000

Same Period Last Week     236,000

Same Period Last Year       236,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 287.71… -1.47

Select:  267.78… +2.62

Choice/Select Spread: 19.93

Total Load Count: 171

 

Cutter Cow Cutout:

230.45… -1.81

 

CME Feeder Cattle Index for October 4^th:

153.79… +0.26 / +0.17%

1 Year Change: +6.77%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.82… +0.20

December: 127.85… -0.20

February: 132.75… +0.35

 

Feeder Cattle:

October: 156.10… +1.10

November: 156.87… +1.85

January: 157.27… +1.72

 

December Hogs: 82.55… -0.55

November Crude Oil: 78.93… +1.31

December Corn: 5.3750… -0.0325

December Wheat: 7.4475… -0.1175

 

Grain Cash Bids:

Omaha Corn: 5.44… -0.02

Kansas City Wheat: 7.08… -0.13

 

Financial Markets:

DJIA: 34,339.87… +327.71

S & P 500: 4,345.78… +44.18

NASDAQ: 14,435.34… +176.97

U.S. Dollar Index: 93.99… +0.21