Texas Daily Ag Market News Summary

Posted 1 years 38 days ago by Administrator Account

Daily Market Summary for October 20th

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

Fed Cattle:

As of 3:00 PM Friday, negotiated cash trade has been slow on light demand. On Thursday in Kansas a few live FOB purchases traded at 184.00, however not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 183.00. In Nebraska negotiated cash trade has been slow on light demand. A few live FOB purchases traded at 186.00 and a few dressed delivered purchases traded at 294.00, however not enough purchases for a market trend. For the prior week In Nebraska live FOB and dressed delivered purchases traded at 185.00 and at 292.00, respectively. In Western Cornbelt negotiated cash trade was slow on light to moderate demand. Compared to last week live cash purchases traded 1.00-2.00 higher from 186.00-187.00. Compared to last week dressed delivered purchases traded 2.00 higher from 292.00-294.00, on a light test.

Cattle Slaughter under Federal Inspection

Friday 118,000

Week Ago 112,000

Year Ago 123,000

Week to Date 620,000

Last Week 611,000

Last Year 632,000

Thursday

Steers & Heifers: 98,000

Cows & Bulls: 27,000

Boxed Beef:

Cutout Values:

Choice: 305.38… +1.26

Select: 278.70… +1.22

Choice/Select Spread: 26.68

Total Load Count: 140

Cutter Cow Cutout:

233.56… -0.18

CME Feeder Cattle Index for October 19th:

243.99… -0.84 / -0.34

1 Year Change: +41.08%

52 Week Range: 172.03 to 254.09

Futures Settlements…

Live Cattle:

October: 184.27… -0.13

December: 184.62… -0.68

February: 187.72… -1.23

Feeder Cattle:

October: 241.82… -1.75

November: 242.22… -2.28

January: 243.05… -2.32

December Lean Hogs: 66.00… -2.00

November Crude Oil: 89.37

December Corn: 4.9550… -0.0950

December Wheat: 5.8600… -0.0800

Grain Cash Bids:

Omaha Corn: 4.82… -0.07

Kansas City Wheat: 5.95… -0.06

Financial Markets:

DJIA: 33,126.69… -286.17

S & P 500: 4,224.10… -53.84

NASDAQ: 12,983.81… -202.37

U.S. Dollar Index: 106.19… -0.06