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Oct
19
2020
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Posted 135 days ago ago by Administrator Account
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Daily Market Summary for October 19th
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 Monday, negotiated cash trading in the Southern Plains has been slow on light demand with live purchases 2.00 lower than last week at 106.00. In Nebraska, negotiated cash trading has been limited on light demand with a few live purchases at 105.00, however not enough for a full market trend. Last week live purchases moved at 108.00 and dressed purchases moved at 169.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand, not enough purchases for a full market trend. Last week in the Western Cornbelt live purchases moved from 105.00-107.00 and dressed purchases moved from 167.00-168.00.
Negotiated Sales:
Confirmed: 14,911
Week Ago: 3,650
Year Ago: 188
Formula Net
Dressed Steers & Heifers:
Head count priced today: 20,000
Weighted avg. weight: 908 lbs.
Weighted avg. net price: 173.42
Cattle Slaughter under Federal Inspection:
Monday (est) 118,000
Week ago (est) 117,000
Year ago (act) 117,000
Previous Day (est)
Steers & Heifers: 92,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 209.74… -0.29
Select: 191.84… -1.68
Choice/Select Spread: 17.90
Total Load Count: 114
Cutter Cow Cutout:
164.67… -2.90
CME Feeder Cattle Index for October 15th:
140.22… -0.69
Futures Settlements…
Live Cattle:
October: 104.00… -3.15
December: 105.15… -3.47
February: 108.17… -3.30
Feeder Cattle:
October: 134.60… -3.50
November: 130.07… -4.95
January: 125.22… -4.10
December Hogs: 71.42… +1.62
November Crude Oil: 40.83… -0.05
December Corn: 4.0525… +0.0325
December Wheat: 6.2700… +0.0175
Grain Cash Bids:
Kansas City Corn: 3.73… +0.02
Kansas City Wheat: 5.31… +0.04
Financial Markets:
DJIA: 28,195.42… -411.42
S & P 500: 3,426.92… -56.99
NASDAQ: 11,478.88… -192.68
U.S. Dollar Index: 93.43… -0.25