Sep
09
2020
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Posted 177 days ago ago by Administrator Account
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Daily Market Summary for September 9th
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 Wednesday in Nebraska, negotiated cash trading and demand have been moderate. Compared to last week live purchases moved 1.00 to 2.00 lower at 101.00 and dressed purchases moved 2.00 to 3.00 lower from 160.00 to 161.00. In Kansas and Western Cornbelt negotiated cash trading has been limited on light demand. In Kansas a few live purchases moved at 101.00. In the Western Cornbelt a few dressed purchases moved from 160.00 to 161.00. However, not enough purchases in either region for a full market trend. Last week in Kansas live purchases moved mostly at 103.00. For the prior week in the Western Cornbelt live and dressed purchases moved from mostly 103.00-104.00 and 162.00-164.00, respectively. So far for Wednesday in the Texas Panhandle negotiated cash trading has been at a standstill. Last week live purchases moved mostly at 102.00-104.00.
Negotiated Sales:
Confirmed: 27,387
Week Ago: 16,708
Year Ago: 2,624
Formula Net
Dressed Steers & Heifers:
Head count priced today: 27,100
Weighted avg. weight: 900 lbs.
Weighted avg. net price: 173.32
Cattle Slaughter under Federal Inspection:
Wednesday (est) 120,000
Week ago (est) 117,000
Year ago (act) 116,000
Week to Date 241,000
Same Period Last Week 356,000
Same Period Last year 351,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 23,000
Boxed Beef:
Cutout Values:
Choice: 222.95… -1.87
Select: 207.51… -0.95
Choice/Select Spread: 15.44
Total Load Count: 186
Cutter Cow Cutout:
181.81… -2.36
CME Feeder Cattle Index for September 4th:
139.05… -1.15
Futures…
Live Cattle:
October: 104.70… -1.07
December: 109.15… -0.97
February: 113.42… -0.55
Feeder Cattle:
September: 138.40… -0.55
October: 138.25… -1.60
November: 139.95… -1.77
October Hogs: 61.37… +1.47
October Crude Oil: 38.05… +1.29
December Corn: 3.6025… -0.0150
December Wheat: 5.4375… -0.0050
Grain Cash Bids:
Kansas City Corn: 3.42… -0.02
Kansas City Wheat: 4.39… +0.01
Financial Markets:
DJIA: 27,940.47… +439.78
S & P 500: 3,398.99… +67.14
NASDAQ: 11,141.56… 293.87
U.S. Dollar Index: 93.21… -0.24