Oct 19 2021

Texas Daily Ag Market News Summary Posted 3 years 40 days ago by Administrator Account

Daily Market Summary for October 19^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on light demand in the Texas Panhandle and Nebraska. In the Western Cornbelt negotiated cash trading has been limited on light demand. In Kansas negotiated cash trading has been at a standstill. Not enough purchases in any of these regions for a market trend. 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:        3,908    

Week Ago:            495

Year Ago:           4,918

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,000

Weighted avg. weight:        857.00

Weighted avg. net price:    203.03

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     120,000

Year ago (act)                       123,000

Week to Date                       241,000

Same Period Last Week     241,000

Same Period Last Year       242,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 280.88… +0.79

Select:  261.53… +1.72

Choice/Select Spread: 19.35

Total Load Count: 147

 

Cutter Cow Cutout:

231.82… -1.73

 

CME Feeder Cattle Index for October 18^th:

153.90… +0.20 / +0.13%

1 Year Change: +11.14%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.00… -0.45

December: 130.02… -0.40

February: 135.00… Unchanged

 

Feeder Cattle:

October: 155.10… -0.65

November: 158.85… -0.50

January: 159.22… -0.33

 

December Hogs: 77.40… -1.35

November Crude Oil: 82.96… +0.52

December Corn: 5.3025… -0.0250

December Wheat: 7.3600… -0.0025

 

Grain Cash Bids:

Omaha Corn: 5.26… -0.02

Kansas City Wheat: 7.15… -0.01

 

Financial Markets:

DJIA: 35,443.35… +187.53

S & P 500: 4,518.13… +31.18

NASDAQ: 15,120.52… +99.18

U.S. Dollar Index: 93.76… -0.20