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Sep
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2020

Texas Daily Ag Market News Summary

Posted 163 days ago ago by Administrator Account

Daily Market Summary for September 25th

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 Friday, negotiated cash trading has been limited on light demand in the 5 Area feeding regions. Not enough purchases in any price range for a full market trend. Thursday was the last fully reported market in any region. In the 5 Area feeding region live purchases moved mostly at 105.00, and in Nebraska and Western Cornbelt dressed purchases moved mostly at 165.00.

   

Negotiated Sales:

Confirmed:              9,570

Week Ago:             12,092

Year Ago:               25,897

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,200

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    166.86

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         112,000

Week ago (est)                  111,000

Year ago (act)                    114,000

Week to Date                    594,000

Same Period Last Week   590,000

Same Period Last year     582,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 219.34… +1.86

Select:  206.98… -0.76

Choice/Select Spread: 12.36

Total Load Count: 138

 

Total red meat production under Federal inspection for the week ending Saturday, September 26, 2020 was estimated at 1102.3 million lbs. This was 1.6 percent higher than a week ago and 0.6 percent higher than a year ago.  Cumulative meat production for the year to date was 0.1 percent higher compared to the previous year.

          

Cutter Cow Cutout:

178.83… -0.24

   

CME Feeder Cattle Index for September 24th:

142.23… -0.36

            

Futures…

Live Cattle:

October: 107.57… -0.45

December: 111.40… -0.87

February: 114.60… -1.05

   

Feeder Cattle:

October: 140.32… -1.95

November: 140.15… -2.20

January: 138.82… -2.08

     

October Hogs: 71.75… +2.28

November Crude Oil: 40.25… -0.06

   

December Corn: 3.6525… +0.0175

December Wheat: 5.4425… -0.0550

   

Grain Cash Bids:

Kansas City Corn: 3.59… +0.01

Kansas City Wheat: 4.43… -0.08

   

Financial Markets:

DJIA: 27,174.61… +359.17

S & P 500: 3,298.48… +51.92

NASDAQ: 10,913.56… +241.29

U.S. Dollar Index: 94.59… +0.24