Oct
14
2020
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Posted 144 days ago ago by Administrator Account
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Daily Market Summary for October 14th
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 Wednesday negotiated cash trading in the Southern Plains and Nebraska has been slow on light to moderate demand. In the Southern Plains live purchases moved 1.00 lower at 108.00 when compared to last week. In Nebraska dressed purchases have moved 1.00 lower at 169.00 when compared to last week. A few live purchases have moved at 108.00, however not enough for a full market trend. Last week in Nebraska live purchases moved at 108.00. In the Western Cornbelt negotiated cash trading limited on light demand, however not enough purchases for a full market trend. The last reported market on Tuesday live purchases moved at 107.00. Last week dressed purchases moved from 169.00-170.00.
The FCE On-Line Auction offered 774 head in Kansas, Nebraska, & Texas today with 671 head in KS & TX selling for $108.00 & $108.25.
Negotiated Sales:
Confirmed: 26,679
Week Ago: 4,434
Year Ago: 1,874
Formula Net
Dressed Steers & Heifers:
Head count priced today: 17,000
Weighted avg. weight: 903 lbs.
Weighted avg. net price: 173.09
Cattle Slaughter under Federal Inspection:
Wednesday (est) 119,000
Week ago (est) 119,000
Year ago (act) 117,000
Week to Date 356,000
Same Period Last Week 355,000
Same Period Last year 351,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 211.14… -1.30
Select: 119.27… -0.81
Choice/Select Spread: 11.87
Total Load Count: 173
Cutter Cow Cutout:
165.06… -0.63
CME Feeder Cattle Index for October 13th:
140.92... +0.21
Futures Settlements…
Live Cattle:
October: 108.37… -0.45
December: 110.27… -0.95
February: 113.22… -0.43
Feeder Cattle:
October: 138.37… +0.25
November: 136.32… -0.50
January: 133.32… -0.90
October Hogs: 78.42… +0.62
November Crude Oil: 41.04… +0.84
December Corn: 3.9650… +0.0525
December Wheat: 5.9675… +0.0275
Grain Cash Bids:
Kansas City Corn: 3.69… -0.01
Kansas City Wheat: 5.03… +0.04
Financial Markets:
DJIA: 28,514.00… -165.81
S & P 500: 3,488.67… -23.26
NASDAQ: 11,768.73… -95.17
U.S. Dollar Index: 93.35… -0.18