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Texas Daily Ag Market News Summary

Posted 194 days ago ago by Administrator Account

Daily Market Summary for October 5th

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. In Nebraska and the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the 5 Area feeding regions live purchases moved mostly at 107.00. For the prior week in Nebraska dressed purchases moved at 168.00. In the Western Cornbelt dressed purchases moved from 167.00-168.00 for previous week.

   

Negotiated Sales:

Confirmed:           47

Week Ago:          183

Year Ago:           104

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,400

Weighted avg. weight:       886 lbs.

Weighted avg. net price:    167.56

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  112,000

Year ago (act)                    110,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 216.98… -1.90

Select:  208.01… +0.40

Choice/Select Spread: 8.97

Total Load Count: 132

            

Cutter Cow Cutout:

172.80… +1.97

   

CME Feeder Cattle Index for October 2nd:

142.74… -0.22

            

Futures Settlements…

Live Cattle:

October: 108.82… +0.65

December: 111.75… +0.65

February: 115.22… +0.50

   

Feeder Cattle:

October: 140.05… +0.15

November: 139.92… +0.05

January: 138.12… +0.12

     

October Hogs: 74.75… +0.25

November Crude Oil: 39.22… +2.17

   

December Corn: 3.7950… -0.0025

December Wheat: 5.8425… +0.1100

   

Grain Cash Bids:

Kansas City Corn: 3.67… +0.01

Kansas City Wheat: 4.92… +0.14

   

Financial Markets:

DJIA: 28,148.64… +465.83

S & P 500: 3,408.62… +60.18

NASDAQ: 11,332.49… +257.47

U.S. Dollar Index: 93.47… -0.37