Sep
16
2020
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Posted 161 days ago ago by Administrator Account
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Daily Market Summary for September 16th
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 the Southern Plains, negotiated cash trading has been slow with light demand. Compared to last week, in the Texas Panhandle, live purchases moved 1.50 to 2.00 higher from 103.00 to 103.50 on light test. In Kansas, when compared to the prior week, live purchases moved 2.00 higher at 103.00. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases in these regions for a market trend. For the prior week in Nebraska live purchases moved mostly at 101.00 and 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.
The FCE On-Line Auction offered 613 head in Kansas & Texas on Wednesday with none sold. Offers of 102.25 were passed on 2 lots in KS & TX.
Negotiated Sales:
Confirmed: 13,352
Week Ago: 27,387
Year Ago: 3,177
Formula Net
Dressed Steers & Heifers:
Head count priced today: 18,700
Weighted avg. weight: 893 lbs.
Weighted avg. net price: 167.62
Cattle Slaughter under Federal Inspection:
Wednesday (est) 120,000
Week ago (est) 120,000
Year ago (act) 117,000
Week to Date 360,000
Same Period Last Week 241,000
Same Period Last year 356,000
Previous Day (est)
Steers & Heifers: 96,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 215.38… -0.71
Select: 204.51… -1.77
Choice/Select Spread: 10.87
Total Load Count: 166
Cutter Cow Cutout:
178.16… -0.71
CME Feeder Cattle Index for September 14th:
140.52… -0.93
Futures…
Live Cattle:
October: 106.72… -0.38
December: 111.95… +0.38
February: 116.25… +0.23
Feeder Cattle:
September: 140.50… -1.17
October: 142.42… -1.28
November: 143.52… -0.60
October Hogs: 65.22… -0.48
October Crude Oil: 40.16… +1.88
December Corn: 3.7175… +0.0575
December Wheat: 5.4200… +0.0375
Grain Cash Bids:
Kansas City Corn: 3.62… +0.06
Kansas City Wheat: 4.43… +0.07
Financial Markets:
DJIA: 28,032.45… +36.85
S & P 500: 3,385.56… -15.63
NASDAQ: 11,050.47… -139.85
U.S. Dollar Index: 93.23… +0.18