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Sep
29
2020
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Posted 155 days ago ago by Administrator Account
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Daily Market Summary for September 29th
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 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 28th:
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