Oct 26 2021

Texas Daily Ag Market News Summary Posted 3 years 33 days ago by Administrator Account

Daily Market Summary for October 26^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trading has been slow with light demand. Compared to last week live purchases traded steady at 124.00, with a few at 125.00. In Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In Kansas and Western Cornbelt negotiated cash trading has been at a standstill. Last week in Kansas 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:         9,203    

Week Ago:          3,908

Year Ago:         13,756

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,700

Weighted avg. weight:       882.00

Weighted avg. net price:    200.83

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     121,000

Year ago (act)                       119,000

Week to Date                       244,000

Same Period Last Week     241,000

Same Period Last Year       235,000

Monday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 284.76… +1.72

Select:  262.54… -0.65

Choice/Select Spread: 22.22

Total Load Count: 136

 

Cutter Cow Cutout:

230.46… +0.22

 

CME Feeder Cattle Index for October 25^th:

155.41… +0.07 / +0.04%

1 Year Change: +16.24%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 126.82… +1.80

December: 131.45… +1.93

February: 136.37… +1.62

 

Feeder Cattle:

October: 155.97… +0.35

November: 159.77… +1.30

January: 160.60… +2.03

 

December Hogs: 72.57… -1.63

December Crude Oil: 84.65… +0.89

December Corn: 5.4350… +0.0550

December Wheat: 7.5225… -0.0725

 

Grain Cash Bids:

Omaha Corn: 5.34… +0.06

Kansas City Wheat: 7.44… -0.01

 

Financial Markets:

DJIA: 35,753.79… +23.24

S & P 500: 4,574.48… +7.15

NASDAQ: 15,243.21… +25.23

U.S. Dollar Index: 93.94… +0.11