Oct 14 2020

Texas Daily Ag Market News Summary Posted 144 days ago ago by Administrator Account

Daily Market Summary for October 14^th

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 13^th:

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