Oct 21 2021

Texas Daily Ag Market News Summary Posted 3 years 38 days ago by Administrator Account

Daily Market Summary for October 21^st

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a full market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 124.00. In Nebraska live and dressed purchases traded from 124.00-126.50 and at 196.00, respectively. In the Western Cornbelt live and dressed purchases traded from 124.00-125.00 and at 196.00, respectively.

 

Negotiated Sales:

Confirmed:          6,616     

Week Ago:         11,078

Year Ago:           25,241

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,300

Weighted avg. weight:       867.00

Weighted avg. net price:    204.08

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      120,000

Week ago (est)                     119,000

Year ago (act)                       118,000

Week to Date                      482,000

Same Period Last Week     480,000

Same Period Last Year       479,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 280.66… +0.63

Select:  262.72… -0.05

Choice/Select Spread: 17.94

Total Load Count: 158

 

Cutter Cow Cutout:

230.88… +0.67

 

CME Feeder Cattle Index for October 20^th:

155.11… +1.08 / +0.07%

1 Year Change: +14.45%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.97… -0.98

December: 129.55… -0.97

February: 134.77… -0.83

 

Feeder Cattle:

October: 156.25… +0.33

November: 159.07… -0.28

January: 160.00… -0.47

 

December Hogs: 73.20… -2.82

December Crude Oil: 82.50... -0.92

December Corn: 5.3225… -0.0700

December Wheat: 7.4125… -0.0800

 

Grain Cash Bids:

Omaha Corn: 5.28… -0.07

Kansas City Wheat: 7.14… -0.13

 

Financial Markets:

DJIA: 35,601.96… -7.97

S & P 500: 4,549.78… +15.55

NASDAQ: 15,215.00… +93.32

U.S. Dollar Index: 93.78… +0.22