Oct 29 2021

Texas Daily Ag Market News Summary Posted 3 years 30 days ago by Administrator Account

Daily Market Summary for October 29^th

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

---

Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been at a standstill in the Texas Panhandle. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. 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:        1,246    

Week Ago:         1,298

Year Ago:           1,668

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:       870.00

Weighted avg. net price:    200.12

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           120,000

Week ago (est)                     112,000

Year ago (act)                       115,000

Week to Date                       608,000

Same Period Last Week     594,000

Same Period Last Year       578,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 285.72… +0.83

Select:  263.37… +0.73

Choice/Select Spread: 22.35

Total Load Count: 113

 

Cutter Cow Cutout:

229.67… +0.23

 

CME Feeder Cattle Index for October 28^th:

155.88… +0.92 / +0.59%

1 Year Change: +13.98%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 127.37… +2.87

December: 129.27… -1.05

February: 134.22… -1.53

 

Feeder Cattle:

November: 156.57… -1.08

January: 156.12… -1.45

March: 157.40… -1.45

 

December Hogs: 76.07… +0.87

December Crude Oil: 83.57… +0.76

December Corn: 5.6825… +0.0550

December Wheat: 7.7275… +0.0025

 

Grain Cash Bids:

Omaha Corn: 5.58… +0.05

Kansas City Wheat: 7.56… -0.04

 

Financial Markets:

DJIA: 35,840.31… +110.42

S & P 500: 4,605.35… +8.95

NASDAQ: 15,501.60… +58.18

U.S. Dollar Index: 94.14… +0.79