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Sep
03
2020
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Posted 174 days ago ago by Administrator Account
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Daily Market Summary for September 3rd
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 Thursday, negotiated cash trade was light on light to moderate demand in all feeding regions. In the Texas Panhandle compared to Tuesday, live purchases traded 2.00 lower at 102.00. In Kansas a few live purchases traded at 103.00 with a few live purchases in Nebraska at 102.00. However not enough purchases for an adequate market test. The latest established market in Kansas was on Wednesday with live purchases at 103.00. The latest established market in Nebraska was on Tuesday with live purchases from 102.00-103.00, mostly at 103.00 and dressed purchases from 162.00-164.00, mostly from 163.00-164.00. The latest established live market in the Western Cornbelt was on Wednesday with a few purchases from 103.00-104.00. The latest established dressed market in the Western Cornbelt was on Tuesday from 162.00-164.00, mostly from 163.00-164.00.
Negotiated Sales:
Confirmed: 11,659
Week Ago: 4,431
Year Ago: 29,405
Formula Net
Dressed Steers & Heifers:
Head count priced today: 33,500
Weighted avg. weight: 910 lbs.
Weighted avg. net price: 171.45
Cattle Slaughter under Federal Inspection:
Thursday (est) 118,000
Week ago (est) 119,000
Year ago (act) 117,000
Week to Date 474,000
Same Period Last Week 472,000
Same Period Last year 352,000
Previous Day (est)
Steers & Heifers: 92,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 227.24… -0.34
Select: 212.50… -1.32
Choice/Select Spread: 14.74
Total Load Count: 148
Cutter Cow Cutout:
181.45… -2.87
CME Feeder Cattle Index for September 2nd:
139.68... -0.67
Futures…
Live Cattle:
October: 103.92… -0.55
December: 107.82… -0.63
February: 111.67… -0.38
Feeder Cattle:
September: 137.60… -1.10
October: 138.32… -1.13
November: 139.37… -0.98
October Hogs: 59.25… +2.85
October Crude Oil: 41.37… -0.14
September Corn: 3.4450… -0.0525
September Wheat: 5.4325… -0.0450
Grain Cash Bids:
Kansas City Corn: 3.36… -0.05
Kansas City Wheat: 4.39… -0.03
Financial Markets:
DJIA: 28,292.73… -807.44
S & P 500: 3,455.07… -125.75
NASDAQ: 11,458.10… -598.34
U.S. Dollar Index: 92.74… -0.11