|
Sep
28
2020
|
|
Posted 160 days ago ago by Administrator Account
|
|
Daily Market Summary for September 28th
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 the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in all major feeding regions live purchases moved at 105.00. In Nebraska and Western Cornbelt dressed purchases moved at 165.00.
Negotiated Sales:
Confirmed: 183
Week Ago: 197
Year Ago: 56
Formula Net
Dressed Steers & Heifers:
Head count priced today: 36,600
Weighted avg. weight: 895 lbs.
Weighted avg. net price: 164.69
Cattle Slaughter under Federal Inspection:
Monday (est) 118,000
Week ago (est) 120,000
Year ago (act) 116,000
Previous Day (est)
Steers & Heifers: 87,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 217.72… -1.62
Select: 206.42… -0.56
Choice/Select Spread: 11.30
Total Load Count: 148
Cutter Cow Cutout:
173.83… -5.00
CME Feeder Cattle Index for September 25th:
142.61… +0.38
Futures Settlement…
Live Cattle:
October: 107.95… +0.38
December: 111.65… +0.25
February: 115.02… +0.42
Feeder Cattle:
October: 140.92… +0.60
November: 141.10… +0.95
January: 139.15… +0.33
October Hogs: 72.70… +0.95
November Crude Oil: 40.60… +0.35
December Corn: 3.6675… +0.0150
December Wheat: 5.5025… +0.0600
Grain Cash Bids:
Kansas City Corn: 3.60… +0.01
Kansas City Wheat: 4.51… +0.08
Financial Markets:
DJIA: 27,583.46… +408.85
S & P 500: 3,351.69… +53.21
NASDAQ: 11,117.53… +203.97
U.S. Dollar Index: 94.27… -0.37