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Oct
02
2020
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Posted 152 days ago ago by Administrator Account
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Daily Market Summary for October 2nd
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 Friday, negotiated cash trading has been very limited on light demand in all feeding regions. Not enough purchases for a full market trend. The last fully reported market was on Thursday. In the Southern Plains and Nebraska live purchases moved at 107.00. In Nebraska dressed purchases moved at 168.00. In the Western Cornbelt live purchases moved from 107.00-108.00 and dressed purchases moved at 168.00.
Negotiated Sales:
Confirmed: 9,629
Week Ago: 9,570
Year Ago: 44,173
Formula Net
Dressed Steers & Heifers:
Head count priced today: 12,900
Weighted avg. weight: 866 lbs.
Weighted avg. net price: 168.62
Cattle Slaughter under Federal Inspection:
Friday (est) 117,000
Week ago (est) 112,000
Year ago (act) 110,000
Week to Date 595,000
Same Period Last Week 594,000
Same Period Last year 580,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 218.88… -0.10
Select: 207.61… -0.01
Choice/Select Spread: 11.27
Total Load Count: 121
Cutter Cow Cutout:
170.83… -0.97
CME Feeder Cattle Index for October 1st:
142.96… +0.58
Futures Settlements…
Live Cattle:
October: 108.17… -0.35
December: 111.10… -0.72
February: 114.72… -0.75
Feeder Cattle:
October: 139.90… -1.02
November: 139.87… -1.38
January: 138.00… -1.55
October Hogs: 74.50… +0.35
November Crude Oil: 37.05… -1.67
December Corn: 3.7975… -0.3000
December Wheat: 5.7325… +0.0300
Grain Cash Bids:
Kansas City Corn: 3.66… -0.02
Kansas City Wheat: 4.78… +0.03
Financial Markets:
DJIA: 27,682.81… -134.09
S & P 500: 3,348.44… -32.36
NASDAQ: 11,075.02… -251.49
U.S. Dollar Index: 93.86… +0.15