Oct 11 2021

Texas Daily Ag Market News Summary Posted 3 years 48 days ago by Administrator Account

Daily Market Summary for October 11^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 124.00. For the prior week in Nebraska live and dressed purchases traded from 122.00-124.00 and at 196.00, respectively. For previous week in the Western Cornbelt live and dressed purchases traded at 122.00 and from 193.00-196.00, respectively.

 

Negotiated Sales:

Confirmed:            256     

Week Ago:              12

Year Ago:               47

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   33,000

Weighted avg. weight:       884.00

Weighted avg. net price:    197.53

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        121,000

Week ago (est)                     120,000

Year ago (act)                       118,000

Friday

Steers & Heifers:  92,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 281.12… -2.15

Select:  263.64… +0.90

Choice/Select Spread: 17.48

Total Load Count: 107

 

Cutter Cow Cutout:

233.24… -0.42

 

CME Feeder Cattle Index for October 8^th:

153.62… -0.95 / -0.61%

1 Year Change: +8.73%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.62… +0.05

December: 130.17… -0.08

February: 134.87… +0.07

 

Feeder Cattle:

October: 159.32… -0.15

November: 161.72… +0.57

January: 162.10… +0.98

 

December Hogs: 80.17… -1.33

November Crude Oil: 80.52… +1.17

December Corn: 5.3300… -0.0250

December Wheat: 7.3175… -0.0225

 

Grain Cash Bids:

Omaha Corn: 5.44… +0.02

Kansas City Wheat: 7.02… -0.03

 

Financial Markets:

DJIA: 34,496.85… -249.86

S & P 500: 4,361.07… -30.36

NASDAQ: 14,483.60… -96.10

U.S. Dollar Index: 94.34… +0.27