Oct 12 2020

Texas Daily Ag Market News Summary Posted 3 years 197 days ago by Administrator Account

Daily Market Summary for October 12^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in Texas Panhandle and the Western Cornbelt has been limited on very light demand with a few live purchases at 109.00 in the Texas Panhandle and 107.00 in the Western Cornbelt. Negotiated cash trading has been at a standstill in Kansas and Nebraska. Not enough purchases in any region for a full market trend. Last week in the Southern Plains, live purchases moved at 109.00. Last week in Nebraska live purchases moved mostly at 108.00 and dressed purchases moved at 170.00. For the previous week in the Western Cornbelt live purchases traded from 107.00-108.00, and dressed purchases moved from 169.00-170.00.

   

Negotiated Sales:

Confirmed:        3,650

Week Ago:             47

Year Ago:             598

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,100

Weighted avg. weight:       899 lbs.

Weighted avg. net price:    170.39

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  116,000

Year ago (act)                    115,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 214.62… +0.56

Select:  200.34… +0.52

Choice/Select Spread: 14.28

Total Load Count: 127

            

Cutter Cow Cutout:

164.83… -1.92

   

CME Feeder Cattle Index for October 9^th:

141.28... -0.54

            

Futures Settlements…

Live Cattle:

October: 108.35… -1.52

December: 110.82… -1.78

February: 113.07… -1.23

   

Feeder Cattle:

October: 137.30… -0.95

November: 135.55… +0.03

January: 133.65… -0.35

     

October Hogs: 78.17… +0.05

November Crude Oil: 39.43… -1.17

   

December Corn: 3.8900… -0.0600

December Wheat: 5.9425… +0.0050

   

Grain Cash Bids:

Kansas City Corn: 3.68… -0.04

Kansas City Wheat: 4.99… -0.05

   

Financial Markets:

DJIA: 28,837.52… +250.62

S & P 500: 3,534.22… +57.08

NASDAQ: 11,876.26… +296.32

U.S. Dollar Index: 93.05… -0.01