Oct 25 2021

Texas Daily Ag Market News Summary Posted 3 years 34 days ago by Administrator Account

Daily Market Summary for October 25^th

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 Monday in the Southern Plains and Nebraska, negotiated cash trading was at a standstill. In the Western Cornbelt negotiated cash trading was mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 124.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 124.00-125.00 and at 196.00, respectively.

 

Negotiated Sales:

Confirmed:          274    

Week Ago:           227

Year Ago:        14,911

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   42,800

Weighted avg. weight:        879.00

Weighted avg. net price:    199.14

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        122,000

Week ago (est)                     120,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  86,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 283.04… +1.22

Select:  263.19… +0.08

Choice/Select Spread: 19.85

Total Load Count: 136

 

Cutter Cow Cutout:

230.24… -0.66

 

CME Feeder Cattle Index for October 22^nd:

155.41… +0.07 / +0.04%

1 Year Change: +16.24%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.02… +0.92

December: 129.52… +1.20

February: 134.75… +1.25

 

Feeder Cattle:

October: 155.62… +0.20

November: 158.47… +1.57

January: 158.57… +1.25

 

December Hogs: 74.20… +0.88

December Crude Oil: 83.76… Unchanged

December Corn: 5.3800… Unchanged

December Wheat: 7.5950… +0.0350

 

Grain Cash Bids:

Omaha Corn: 5.28… -0.01

Kansas City Wheat: 7.45… +0.04

 

Financial Markets:

DJIA: 35,730.55… +52.87

S & P 500: 4,567.33… +22.35

NASDAQ: 15,217.98… +127.78

U.S. Dollar Index: 93.83… -0.19