Oct
09
2020
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Posted 149 days ago ago by Administrator Account
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Daily Market Summary for October 9th
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 in the Southern Plains has been active on moderate demand. Compared to last week in the Texas Panhandle, live purchases moved 2.00 higher at 109.00. In Kansas, compared to the last reported market on Thursday, live purchases moved 1.00 higher at 109.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to the last reported market on Thursday live purchases have moved steady to 1.00 higher from 108.00-109.00 and dressed purchases moved steady at 170.00. In the Western Cornbelt negotiated cash trading has been slow on light demand. Compared to the last reported market on Thursday, live purchases moved steady to 2.00 higher from 107.00-110.00. Compared to last week, dressed purchases have moved 2.00-3.00 higher at 170.00.
Negotiated Sales:
Confirmed: 65,079
Week Ago: 9,629
Year Ago: 14,754
Formula Net
Dressed Steers & Heifers:
Head count priced today: 13,500
Weighted avg. weight: 880 lbs.
Weighted avg. net price: 171.93
Cattle Slaughter under Federal Inspection:
Friday (est) 112,000
Week ago (est) 117,000
Year ago (act) 117,000
Week to Date 584,000
Same Period Last Week 595,000
Same Period Last year 588,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 214.06… -1.94
Select: 199.82… -3.28
Choice/Select Spread: 14.24
Total Load Count: 124
Cutter Cow Cutout:
166.75… +0.37
CME Feeder Cattle Index for October 8th:
141.92… -0.68
Futures Settlements…
Live Cattle:
October: 109.87… +0.17
December: 112.60… -0.02
February: 114.30… -0.70
Feeder Cattle:
October: 138.25… +0.20
November: 135.52… -0.93
January: 134.00… -0.97
October Hogs: 78.12… +0.77
November Crude Oil: 40.60… -0.59
December Corn: 3.9500… +0.0800
December Wheat: 5.9375… -0.0150
Grain Cash Bids:
Kansas City Corn: 3.72… +0.04
Kansas City Wheat: 5.04… +0.07
Financial Markets:
DJIA: 28,586.90… +161.39
S & P 500: 3,477.14… +30.31
NASDAQ: 11,579.94… +158.96
U.S. Dollar Index: 93.06… -0.55