Oct
08
2020
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Posted 147 days ago ago by Administrator Account
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Daily Market Summary for October 8th
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 Thursday, negotiated cash trading in Kansas has been slow on light to moderate demand. Compared to last week live purchases moved steady to 1.00 higher from 107.00-108.00, mostly 108.00. In Nebraska the Western Cornbelt negotiated cash trading has been limited on light demand with a few live purchases in Nebraska at 108.00. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in these regions for a market trend. Last week in the Texas Panhandle, Nebraska, and the Western Cornbelt live purchases moved mostly at 107.00. In Nebraska dressed purchases moved at 168.00. In the Western Cornbelt dressed purchases moved from 167.00-168.00 for the previous week.
Negotiated Sales:
Confirmed: 12,569
Week Ago: 27,248
Year Ago: 1,873
Formula Net
Dressed Steers & Heifers:
Head count priced today: 18,900
Weighted avg. weight: 901 lbs.
Weighted avg. net price: 173.05
Cattle Slaughter under Federal Inspection:
Thursday (est) 117,000
Week ago (est) 120,000
Year ago (act) 117,000
Week to Date 472,000
Same Period Last Week 478,000
Same Period Last year 471,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 216.00… -0.88
Select: 203.10… -2.48
Choice/Select Spread: 12.90
Total Load Count: 162
Cutter Cow Cutout:
166.38… +1.04
CME Feeder Cattle Index for October 7th:
142.60… -0.11
Futures Settlements…
Live Cattle:
October: 109.70… -0.47
December: 112.62… -0.48
February: 115.00… -0.92
Feeder Cattle:
October: 138.05… -0.45
November: 136.45… -1.42
January: 134.97… -1.35
October Hogs: 77.35… +0.48
November Crude Oil: 41.19... +1.24
December Corn: 3.8700… -0.0175
December Wheat: 5.9525… -0.1225
Grain Cash Bids:
Kansas City Corn: 3.68… -0.03
Kansas City Wheat: 4.97… -0.16
Financial Markets:
DJIA: 28,425.51… +122.05
S & P 500: 3,446.83… +27.40
NASDAQ: 11,420.98… +56.38
U.S. Dollar Index: 93.62… -0.01