Oct 07 2021

Texas Daily Ag Market News Summary Posted 3 years 52 days ago by

Daily Market Summary for October 7^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive with light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In the Texas Panhandle live purchases traded at 124.00. In Kansas and Nebraska live purchases traded from 122.00-124.00 and dressed purchases in Nebraska traded mostly at 196.00. In the Western Cornbelt live and dressed purchases traded at 122.00 and 196.00, respectively.

 

Negotiated Sales:

Confirmed:            3,532    

Week Ago:             9,894

Year Ago:             27,248

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   33,900

Weighted avg. weight:        892.00

Weighted avg. net price:    202.45

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      120,000

Week ago (est)                     121,000

Year ago (act)                       117,000

Week to Date                       473,000

Same Period Last Week     473,000

Same Period Last Year       472,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 285.30... -1.32

Select:  264.44... +1.53

Choice/Select Spread: 20.86

Total Load Count: 185

 

Cutter Cow Cutout:

230.68… +0.60

 

CME Feeder Cattle Index for October 6^th:

153.80… +0.92 / +0.60%

1 Year Change: +7.85%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.27… +1.45

December: 130.10… +1.88

February: 134.65… +1.48

 

Feeder Cattle:

October: 160.35… +3.55

November: 161.60… +3.48

January: 161.25… +2.48

 

December Hogs: 82.02… +0.30

November Crude Oil: 78.30… +0.87

December Corn: 5.3400… +0.0175

December Wheat: 7.4125… -0.0475

 

Grain Cash Bids:

Omaha Corn: 5.52… +0.02

Kansas City Wheat: 7.08… -0.04

 

Financial Markets:

DJIA: 34,743.26… +319.29

S & P 500: 4,395.54… +31.19

NASDAQ: 14,642.92… +138.67

U.S. Dollar Index: 94.21… -0.06