Sep 30 2020

Texas Daily Ag Market News Summary Posted 3 years 200 days ago by Administrator Account

Daily Market Summary for September 30^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light to moderate demand in Nebraska and Western Cornbelt. A few early live and dressed purchases in both regions have moved at 107.00 and 167.00, respectively. In the Southern Plains negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region for a full 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.

 

The FCE On-Line Auction offered 901 head in Kansas, Nebraska, & Texas today with 358 head in NE & TX selling for a weighted average price of $106.00.

   

Negotiated Sales:

Confirmed:           5,904

Week Ago:            3,647

Year Ago:              1,801

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,900

Weighted avg. weight:       897 lbs.

Weighted avg. net price:    167.30

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                  120,000

Year ago (act)                    119,000

Week to Date                    358,000

Same Period Last Week   361,000

Same Period Last year     353,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 217.74… +0.58

Select:  207.54… +0.55

Choice/Select Spread: 10.20

Total Load Count: 155

            

Cutter Cow Cutout:

173.91… +0.25

   

CME Feeder Cattle Index for September 29^th:

142.58… +0.22

            

Futures Settlements…

Live Cattle:

October: 108.55… -0.35

December: 112.35… -0.77

February: 115.87… -0.35

   

Feeder Cattle:

October: 141.35… -1.57

November: 142.05… -1.72

January: 140.30… -1.37

     

October Hogs: 72.80… +0.43

November Crude Oil: 40.22… +0.93

   

December Corn: 3.7900… +0.1425

December Wheat: 5.7800… +0.2850

   

Grain Cash Bids:

Kansas City Corn: 3.67… +0.09

Kansas City Wheat: 4.78… +0.34

   

Financial Markets:

DJIA: 27,782.36… +329.70

S & P 500: 3,362.89… +27.31

NASDAQ: 11,167.51… +82.26

U.S. Dollar Index: 93.81… -0.08