Oct 18 2021

Texas Daily Ag Market News Summary Posted 3 years 41 days ago by Administrator Account

Daily Market Summary for October 18^th

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Slaughter Cattle:

As of 3:00 PM Monday in the Western Cornbelt, negotiated cash trading was mostly inactive with very light demand. Not enough purchases for a market trend. In the Southern Plains and Nebraska negotiated cash trading was at a standstill. Last week in the 5 Area feeding regions live purchases traded at 124.00. For the prior week in Nebraska and Western Cornbelt dressed purchases traded at 196.00.

 

Negotiated Sales:

Confirmed:           227    

Week Ago:            256

Year Ago:          3,650

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   48,500

Weighted avg. weight:        885.00

Weighted avg. net price:    197.58

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        120,000

Week ago (est)                     121,000

Year ago (act)                       119,000

Friday

Steers & Heifers:  83,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 280.09… -0.15

Select:  259.81… -0.81

Choice/Select Spread: 20.28

Total Load Count: 115

 

Cutter Cow Cutout:

233.55… +1.86

 

CME Feeder Cattle Index for October 15^th:

153.90… +0.36 / -0.43%

1 Year Change: +9.72%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.45… -0.52

December: 130.42… -0.55

February: 135.00… -0.35

 

Feeder Cattle:

October: 155.70… -1.87

November: 159.35… -2.07

January: 159.55… -1.97

 

December Hogs: 78.75… +0.48

November Crude Oil: 82.44… +0.16

December Corn: 5.3275… +0.0700

December Wheat: 7.3625… +0.0225

 

Grain Cash Bids:

Omaha Corn: 5.23… +0.03

Kansas City Wheat: 7.16… +0.05

 

Financial Markets:

DJIA: 35,255.82… -36.66

S & P 500: 4,486.95… +15.36

NASDAQ: 15,021.34… +124.36

U.S. Dollar Index: 93.96… +0.02