Oct
07
2020
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Posted 151 days ago ago by Administrator Account
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Daily Market Summary for October 7th
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 Wednesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand with a few early dressed purchases at 169.00 in both regions. In the Southern Plains negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region 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 the previous week.
The FCE On-Line Auction offered 470 head on today with 2 pens totaling 367 head in Texas sold at a weighted average price of $108.50. A pen in Nebraska went unsold on a $108.25 asking price.
Negotiated Sales:
Confirmed: 4,434
Week Ago: 5,904
Year Ago: 846
Formula Net
Dressed Steers & Heifers:
Head count priced today: 14,100
Weighted avg. weight: 901 lbs.
Weighted avg. net price: 173.10
Cattle Slaughter under Federal Inspection:
Wednesday (est) 119,000
Week ago (est) 120,000
Year ago (act) 118,000
Week to Date 355,000
Same Period Last Week 358,000
Same Period Last year 354,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 216.88… +0.64
Select: 205.58… -1.26
Choice/Select Spread: 11.30
Total Load Count: 159
Cutter Cow Cutout:
165.34… +0.24
CME Feeder Cattle Index for October 6th:
142.71… -0.39
Futures Settlements…
Live Cattle:
October: 110.17… +0.97
December: 113.10… +1.15
February: 115.92… +0.57
Feeder Cattle:
October: 138.50… +0.38
November: 137.87… +0.35
January: 136.32… 0.17
October Hogs: 76.87… +0.55
November Crude Oil: 39.95… -0.72
December Corn: 3.8875… +0.0375
December Wheat: 6.0750… +0.1475
Grain Cash Bids:
Kansas City Corn: 3.71… +0.01
Kansas City Wheat: 5.13… +0.11
Financial Markets:
DJIA: 28,303.46… +530.70
S & P 500: 3,419.43… +58.47
NASDAQ: 11,364.60… +210.00
U.S. Dollar Index: 93.64… -0.05