Oct 20 2023

Texas Daily Ag Market News Summary Posted 280 days ago by Administrator Account

Daily Market Summary for October 20th

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.

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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

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Boxed Beef:

Cutout Values:

Choice: 305.38… +1.26

Select:  278.70… +1.22

Choice/Select Spread: 26.68

Total Load Count: 140

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Cutter Cow Cutout:

233.56… -0.18

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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

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Futures Settlements…

Live Cattle: 

October: 184.27… -0.13

December: 184.62… -0.68

February: 187.72… -1.23

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Feeder Cattle:

October: 241.82… -1.75

November: 242.22… -2.28

January: 243.05… -2.32

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December Lean Hogs: 66.00… -2.00

November Crude Oil: 89.37

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December Corn: 4.9550… -0.0950

December Wheat: 5.8600… -0.0800

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Grain Cash Bids:

Omaha Corn: 4.82… -0.07

Kansas City Wheat: 5.95… -0.06

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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