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Sep
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2020

Texas Daily Ag Market News Summary

Posted 8 days ago ago by Administrator Account

Daily Market Summary for September 15th

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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases moved from 101.00-102.00. 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:                 268

Week Ago:               1,455

Year Ago:                 1,154

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,100

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    165.10

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  118,000

Year ago (act)                    120,000

Week to Date                    240,000

Same Period Last Week   121,000

Same Period Last year     239,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 216.09… -1.12

Select:  206.28… -1.48

Choice/Select Spread: 9.81

Total Load Count: 159

        

Cutter Cow Cutout:

178.87… -2.69

   

CME Feeder Cattle Index for September 14th:

140.52… -0.93

            

Futures…

Live Cattle:

October: 107.10… +0.23

December: 111.57… -0.13

February: 116.02… +0.32

   

Feeder Cattle:

September: 141.67… +0.17

October: 143.70… +1.10

November: 144.12… +0.92

     

October Hogs: 65.70… +1.08

October Crude Oil: 38.28… +1.02

   

December Corn: 3.6600… -0.0350

December Wheat: 5.3825… -0.0750

   

Grain Cash Bids:

Kansas City Corn: 3.56… -0.04

Kansas City Wheat: 4.36… -0.06

   

Financial Markets:

DJIA: 27,995.60… +2.27

S & P 500: 3,401.19… +17.66

NASDAQ: 11,190.32… +133.67

U.S. Dollar Index: 93.08… +0.03