Oct 15 2021

Texas Daily Ag Market News Summary Posted 3 years 44 days ago by Administrator Account

Daily Market Summary for October 15^th

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Slaughter Cattle:

As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Thursday was the reported market in these regions with live purchases at 124.00 and dressed purchases at 196.00. Thus far for Friday in the Southern Plains negotiated cash trading has been at a standstill. Wednesday was the last reported market with live purchases traded at 124.00.

 

Negotiated Sales:

Confirmed:           1,585    

Week Ago:            2,962

Year Ago:            65,079

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,000

Weighted avg. weight:        868.00

Weighted avg. net price:    199.08

 

Cattle Slaughter under Federal Inspection:

Friday (est)                            107,000

Week ago (est)                     116,000

Year ago (act)                       116,000

Week to Date                       587,000

Same Period Last Week    599,000

Same Period Last Year      596,000

Thursday

Steers & Heifers:  92,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 280.24… -0.08

Select:  260.62… -0.06

Choice/Select Spread: 19.62

Total Load Count: 154

 

Cutter Cow Cutout:

231.69… +1.33

 

CME Feeder Cattle Index for October 14^th:

153.35… -0.66 / -0.43%

1 Year Change: +9.36%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.97… +0.22

December: 130.97… +0.67

February: 135.35… +0.70

 

Feeder Cattle:

October: 157.57… -0.85

November: 161.42… -0.73

January: 161.52… -0.83

 

December Hogs: 78.27… +0.95

November Crude Oil: 82.28… +0.97

December Corn: 5.2575… +0.0900

December Wheat: 7.3400… +0.0925

 

Grain Cash Bids:

Omaha Corn: 5.25… +0.07

Kansas City Wheat: 7.11… +0.13

 

Financial Markets:

DJIA: 35,292.48… +382.92

S & P 500: 4,471.59… +35.06

NASDAQ: 14,896.98… +73.55

U.S. Dollar Index: 93.94… -0.02