Oct 13 2020

Texas Daily Ag Market News Summary Posted 3 years 187 days ago by Administrator Account

Daily Market Summary for October 13^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on very light demand with a few live purchases from 107.00- 108.00 in Nebraska. In the Southern Plains, negotiated cash trading has been at a standstill. 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:        4,918

Week Ago:            248

Year Ago:             150

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,000

Weighted avg. weight:       905 lbs.

Weighted avg. net price:    170.54

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  120,000

Year ago (act)                    119,000

Week to Date                    237,000

Same Period Last Week   236,000

Same Period Last year     234,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 212.44… -2.18

Select:  200.08… -0.26

Choice/Select Spread: 12.36

Total Load Count: 157

            

Cutter Cow Cutout:

165.69… +0.86

   

CME Feeder Cattle Index for October 12^th:

140.71… -0.52

            

Futures Settlements…

Live Cattle:

October: 108.82… +0.47

December: 111.22… +0.40

February: 113.65… +0.58

   

Feeder Cattle:

October: 138.12… +0.82

November: 136.82… +1.27

January: 134.22… +0.57

     

October Hogs: 77.80… -0.37

November Crude Oil: 40.20… +0.77

   

December Corn: 3.9125… +0.0225

December Wheat: 5.9400… -0.0025

   

Grain Cash Bids:

Kansas City Corn: 3.70… +0.02

Kansas City Wheat: 4.99… Unchanged

   

Financial Markets:

DJIA: 28,679.81… -157.71

S & P 500: 3,511.93… -22.29

NASDAQ: 11,863.90… -12.36

U.S. Dollar Index: 93.50… +0.44