Oct 06 2021

Texas Daily Ag Market News Summary Posted 3 years 53 days ago by Administrator Account

Daily Market Summary for October 6^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 Wednesday in the Southern Plains and Nebraska, negotiated cash trading has been slow with moderate demand. In the Texas Panhandle live purchases traded steady at 124.00 when compared to last week. In Kansas live purchases traded steady to 2.00 higher at 124.00 when compared to the prior week. In Nebraska live purchases traded steady to 2.00 higher from 122.00-124.00 and dressed purchases traded steady at 196.00 when compared to the previous week. So far for Wednesday in the Western Cornbelt negotiated cash trading has been limited on light demand. A few dressed purchases traded at 196.00. Not enough for a market trend. Last week live and dressed purchases traded mostly at 122.00 and from 192.00-197.00, respectively.

 

Negotiated Sales:

Confirmed:           40,133    

Week Ago:            43,413

Year Ago:               5,904

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,400

Weighted avg. weight:       872.00

Weighted avg. net price:    205.16

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  121,000

Week ago (est)                     116,000

Year ago (act)                       119,000

Week to Date                       363,000

Same Period Last Week      352,000

Same Period Last Year        355,000

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 286.62… -1.09

Select:  262.91… -4.87

Choice/Select Spread: 23.71

Total Load Count: 157

 

Cutter Cow Cutout:

230.08… -0.37

 

CME Feeder Cattle Index for October 5^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: 123.82… +1.00

December: 128.22… +0.37

February: 133.17… +0.42

 

Feeder Cattle:

October: 156.80… +0.70

November: 158.12… +1.25

January: 158.77… +1.50

 

December Hogs: 81.72… -0.83

November Crude Oil: 77.43… -1.50

December Corn: 5.3225… -0.0525

December Wheat: 7.4600… +0.0125

 

Grain Cash Bids:

Omaha Corn: 5.40… -0.04

Kansas City Wheat: 7.12… +0.04

 

Financial Markets:

DJIA: 34,423.97… +109.30

S & P 500: 4,364.35… +18.57

NASDAQ: 14,504.35… +68.91

U.S. Dollar Index: 94.22… +0.24