Oct 07 2019

Texas Daily Ag Market News Summary Posted 4 years 201 days ago by Administrator Account

Daily Market Summary for October 7th

  The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week, with live purchases in the Texas Panhandle from 106.00-107.00. In Kansas last week, live purchases traded at 107.00. In Nebraska last week, live purchases traded from 107.00-109.00 with dressed purchases at 170.00. In Colorado for the previous week live purchases traded at 109.00. For the previous week in the Western Cornbelt, live purchases traded from 107.00-189.00 with dressed purchases at 170.00.

    

Negotiated Sales:

Confirmed: 104 --- Week Ago: 56 --- Year Ago: 76

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 43,400

Weighted avg weight:             872

Weighted avg net price:    167.66

        

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing over 140.00. Prices are 1.00 higher than the previous week. On a dressed basis Alberta fed prices were at a premium compared to the Ontario market. Looking at the non-fed market butcher cows traded mostly steady through commercial auction facilities last week. Butcher cow prices are trading 1.00 lower compared to last year while fed cattle prices are 9.00-10.00 lower compared to last year.

   

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs          Sheep

Monday (est)         116,000    2,000     489,000     9,000

Week ago (est)      117,000    2,000     489,000     9,000

Year ago (act)        114,000    2,000     473,000     6,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls    

                               Friday       85,000                      23,000

                          Saturday       52,000                       12,000

                                                     

Boxed Beef: 

Boxed beef cutout values lower on light demand and moderate offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts lower while Select steady. Beef trimmings mostly firm to higher on moderate demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     211.09     185.91

Change from prior day:        -0.87        -1.01

Choice/Select spread:          25.18

Total Load Count (Cuts, Trimmings, Grinds): 119

  

Cutter Cow Cutout: 171.80… +0.54

  

CME Feeder Cattle Index: 144.43… +0.83

  

Futures…

Live Cattle:

October: 108.25… +0.90

December: 111.20… +0.43

February: 116.40… -0.22

Feeder Cattle:

October: 141.70… -0.27

November: 140.92… -0.45

January: 136.40… -1.30

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December Hogs: 64.25… -3.00

November Crude Oil: 52.75… -0.06

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December Corn: 3.8700… +0.0225

December Soybeans: 9.1525… -0.0100

December Wheat: 4.8925… -0.0125

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Grain Cash Bids:

Kansas City Corn: 3.75… +0.03

Kansas City Soybeans: 8.55… -0.01

Kansas City Wheat: 4.77… -0.01

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Financial Markets:

Dow Jones Industrial Average: 26,478.02… -95.70

S & P 500: 2,938.79… -13.22

NASDAQ: 7,956.29… -26.18

U.S. Dollar Index: 98.98… +0.16