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Sep
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2020

Texas Daily Ag Market News Summary

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