Oct 09 2020

Texas Daily Ag Market News Summary Posted 4 years 269 days ago by Administrator Account

Daily Market Summary for October 9^th

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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