Oct 12 2021

Texas Daily Ag Market News Summary Posted 3 years 47 days ago by Administrator Account

Daily Market Summary for October 12^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. 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:            495    

Week Ago:          2,995

Year Ago:              248

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29,800

Weighted avg. weight:        873.00

Weighted avg. net price:    201.27

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        120,000

Week ago (est)                     122,000

Year ago (act)                       122,000

Week to Date                       241,000

Same Period Last Week     242,000

Same Period Last Year        240,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 281.07… -0.05

Select:  261.35… -2.29

Choice/Select Spread: 19.72

Total Load Count: 177

 

Cutter Cow Cutout:

233.09… -0.15

 

CME Feeder Cattle Index for October 11^th:

154.15… +0.53 / +0.35%

1 Year Change: +9.55%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.02… -0.60

December: 129.25… -0.92

February: 134.25… -0.62

 

Feeder Cattle:

October: 158.57… -0.75

November: 161.80… +0.08

January: 162.77… +0.67

 

December Hogs: 78.17… -2.00

November Crude Oil: 80.64… +0.12

December Corn: 5.2250… -0.1050

December Wheat: 7.3400… +0.0225

 

Grain Cash Bids:

Omaha Corn: 5.28… -0.10

Kansas City Wheat: 7.07… +0.05

 

Financial Markets:

DJIA: 34,396.02… -100.83

S & P 500: 4,350.61… -10.46

NASDAQ: 14,465.27… -18.33

U.S. Dollar Index: 94.50… +0.18