Oct 28 2021

Texas Daily Ag Market News Summary Posted 3 years 31 days ago by Administrator Account

Daily Market Summary for October 28^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last fully reported market in all regions. In the Southern Plains live purchases traded at 126.00. In Nebraska live and dressed purchases traded at 127.00 and 200.00, respectively. In the Western Cornbelt live and dressed purchases traded from 126.00-127.00 and at 200.00, respectively.

 

Negotiated Sales:

Confirmed:        4,381     

Week Ago:         6,616

Year Ago:           5,046       

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,800

Weighted avg. weight:        870.00

Weighted avg. net price:    201.94

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      122,000

Week ago (est)                     120,000

Year ago (act)                       111,000

Week to Date                       488,000

Same Period Last Week     482,000

Same Period Last Year       463,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       29,000

 

Boxed Beef:

Cutout Values:

Choice: 284.89… +1.26

Select:  262.64… +0.95

Choice/Select Spread: 22.25

Total Load Count: 130

 

Cutter Cow Cutout:

229.44… -0.25

 

CME Feeder Cattle Index for October 27^th:

154.96… -1.07 / -0.69%

1 Year Change: +15.35%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.50… -2.72

December: 130.32… -1.25

February: 135.75… -1.20

 

Feeder Cattle:

October: 156.67… +0.17

November: 157.65… -0.82

January: 157.57… -1.38

 

December Hogs: 75.20… +3.23

December Crude Oil: 82.81… +0.15

December Corn: 5.6275… +0.0550

December Wheat: 7.7250… +0.1275

 

Grain Cash Bids:

Omaha Corn: 5.53… +0.06

Kansas City Wheat: 7.57… +0.07

 

Financial Markets:

DJIA: 35,729.89… +238.41

S & P 500: 4,596.40… +44.61

NASDAQ: 15,443.42… +207.58

U.S. Dollar Index: 93.36… -0.44