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Sep
14
2020

Texas Daily Ag Market News Summary

Posted 9 days ago ago by Administrator Account

Daily Market Summary for September 14th

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 Monday, negotiated cash trading has been at a standstill in a major feeding regions. Last week in the Texas Panhandle live purchases moved at 102.00. For the prior week in Kansas and Nebraska live purchases moved mostly at 101.00 and, in Nebraska, dressed purchases moved from 160.00-161.00. For the previous week in the Western Cornbelt live purchases moved from 100.00-103.00 and dressed purchases moved from 160.00-161.00.

   

Negotiated Sales:

Confirmed:                 188

Week Ago:               None

Year Ago:                     54

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  51,800

Weighted avg. weight:       879 lbs.

Weighted avg. net price:    165.25

        

Cattle Slaughter under Federal Inspection:

Monday (est)                    120,000

Week ago (est)                      3,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 217.21… -2.68

Select:  207.76… +0.66

Choice/Select Spread: 9.45

Total Load Count: 145

        

Cutter Cow Cutout:

181.55… +0.20

   

CME Feeder Cattle Index for September 11th:

141.47... +0.48

            

Futures…

Live Cattle:

October: 106.87… +1.35

December: 111.70… +1.80

February: 115.70… +1.38

   

Feeder Cattle:

September: 141.50… +1.50

October: 142.60… +2.03

November: 143.20… +1.88

     

October Hogs: 64.62… -1.95

October Crude Oil: 37.26… -0.07

   

December Corn: 3.6950… +0.0100

December Wheat: 5.4575… +0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.52… +0.01

Kansas City Wheat: 4.42… +0.03

   

Financial Markets:

DJIA: 27,993.33… +327.69

S & P 500: 3,383.53… +42.58

NASDAQ: 11,056.65… +203.10

U.S. Dollar Index: 93.03… -0.30