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Oct
15
2020

Texas Daily Ag Market News Summary

Posted 139 days ago ago by Administrator Account

Daily Market Summary for October 15th

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 Thursday, negotiated cash trading in the Southern Plains has been mostly inactive on very light demand. Not enough purchases for a market trend. The last reported market was on Wednesday at 108.00. In Nebraska, negotiated cash trading and demand have been moderate. Live purchases have moved steady to 1.00 higher at 108.00 compared to Wednesday. A few dressed purchases have moved at 168.00, however not enough for a full market trend. The last reported dressed market was on Wednesday at 169.00. In the Western Cornbelt, negotiated cash trading has been limited on light to moderate demand, however not enough purchases for a full market trend. The last reported live market was on Wednesday from 107.00-108.00 and the last reported dressed market was last week at 169.00.

   

Negotiated Sales:

Confirmed:       25,241

Week Ago:        12,569

Year Ago:           1,417

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,600

Weighted avg. weight:       907 lbs.

Weighted avg. net price:    176.24

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  117,000

Year ago (act)                    111,000

Week to Date                    476,000

Same Period Last Week   472,000

Same Period Last year     462,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 210.48… -0.66

Select:  196.50… -2.77

Choice/Select Spread: 13.98

Total Load Count: 236

            

Cutter Cow Cutout:

165.17… +0.11

   

CME Feeder Cattle Index for October 14th:

140.91… -0.01

            

Futures Settlements…

Live Cattle:

October: 107.77… -0.60

December: 109.55… -0.72

February: 112.42… -0.80

   

Feeder Cattle:

October: 138.92… +0.55

November: 136.47… +0.15

January: 132.10… -1.22

     

December Hogs: 69.87… +1.45

November Crude Oil: 40.96… -0.08

   

December Corn: 4.0375… +0.0725

December Wheat: 6.1825… +0.2150

   

Grain Cash Bids:

Kansas City Corn: 3.70… +0.01

Kansas City Wheat: 5.26… +0.23

   

Financial Markets:

DJIA: 28,494.20… -19.80

S & P 500: 3,483.34… -5.33

NASDAQ: 11,713.87… -54.86

U.S. Dollar Index: 93.82… +0.44