Oct 14 2021

Texas Daily Ag Market News Summary Posted 3 years 46 days ago by Administrator Account

Daily Market Summary for October 14^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on moderate demand in Nebraska and Western Cornbelt. In the Western Cornbelt live purchases traded steady to 2.00 higher at 124.00 and a few dressed purchases traded steady at 196.00, when compared to the last reported market on Wednesday. Not enough purchases in Nebraska for a market trend. Wednesday was the last reported market with live and dressed purchases at 124.00 and 196.00, respectively. Thus far for Thursday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 124.00.

 

Negotiated Sales:

Confirmed:        11,078   

Week Ago:           3,532

Year Ago:           12,569

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,600

Weighted avg. weight:      880.00

Weighted avg. net price:   201.71

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     119,000

Week ago (est)                    120,000

Year ago (act)                      119,000

Week to Date                      480,000

Same Period Last Week   483,000

Same Period Last Year     480,000

Wednesday

Steers & Heifers: 94,000

Cows & Bulls:      26,000

 

Boxed Beef:

Cutout Values:

Choice: 280.32… +0.30

Select: 260.68… +1.98

Choice/Select Spread: 19.64

Total Load Count: 143

 

Cutter Cow Cutout:

230.36… -1.88

 

CME Feeder Cattle Index for October 13^th:

154.01… -0.25 / -0.16%

1 Year Change: +9.30%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.75… +0.98

December: 130.30… +1.30

February: 134.65… +1.10

 

Feeder Cattle:

October: 158.42… +0.77

November: 162.15… +1.18

January: 162.35… +0.90

 

December Hogs: 77.32… -0.83

November Crude Oil: 81.31… +0.87

December Corn: 5.1675… +0.0450

December Wheat: 7.2475… +0.0600

 

Grain Cash Bids:

Omaha Corn: 5.18… +0.05

Kansas City Wheat: 6.98… +0.09

 

Financial Markets:

DJIA: 34,906.93… +524.24

S & P 500: 4,436.53… +73.99

NASDAQ: 14,812.85… +249.59

U.S. Dollar Index: 93.94… -0.14