Sep 29 2020

Texas Daily Ag Market News Summary Posted 4 years 287 days ago by Administrator Account

Daily Market Summary for September 29^th

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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 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 at165.00.

   

Negotiated Sales:

Confirmed:              640

Week Ago:            1,570

Year Ago:                114

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,000

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    170.30

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  121,000

Year ago (act)                    118,000

Week to Date                    238,000

Same Period Last Week   241,000

Same Period Last year     234,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 217.16… -0.56

Select:  206.99… +0.57

Choice/Select Spread: 10.17

Total Load Count: 134

            

Cutter Cow Cutout:

173.66… -0.17

   

CME Feeder Cattle Index for September 28^th:

142.36… -0.25

            

Futures Settlements…

Live Cattle:

October: 108.90… +0.95

December: 113.12… +1.47

February: 116.22… +1.20

   

Feeder Cattle:

October: 142.92… +2.00

November: 143.77… +2.67

January: 141.67… +2.52

     

October Hogs: 72.37… -0.33

November Crude Oil: 39.29… -1.31

   

December Corn: 3.6475… -0.0200

December Wheat: 5.4950… -0.0075

   

Grain Cash Bids:

Kansas City Corn: 3.58… -0.02

Kansas City Wheat: 4.44… -0.07

   

Financial Markets:

DJIA: 27,452.66… -130.80

S & P 500: 3,335.48… -16.21

NASDAQ: 11,085.25… -32.28

U.S. Dollar Index: 93.88… -0.39