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Oct
20
2020
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Posted 138 days ago ago by Administrator Account
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Daily Market Summary for October 20th
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 Tuesday, negotiated cash trading has been limited on light demand in all major feeding regions. In the Southern Plains a few live purchases traded steady compared to Monday at 106.00. In Nebraska and the Western Cornbelt not enough purchases for a full market trend. Last week in Nebraska last week live purchases traded at 108.00 and dressed purchases traded at 169.00. Last week in the Western Cornbelt live purchases traded from 105.00-107.00 and dressed purchases traded from 167.00-168.00.
Negotiated Sales:
Confirmed: 13,756
Week Ago: 4,918
Year Ago: 418
Formula Net
Dressed Steers & Heifers:
Head count priced today: 13,500
Weighted avg. weight: 887 lbs.
Weighted avg. net price: 177.16
Cattle Slaughter under Federal Inspection:
Tuesday (est) 121,000
Week ago (est) 120,000
Year ago (act) 119,000
Week to Date 239,000
Same Period Last Week 237,000
Same Period Last year 236,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 210.60… +0.86
Select: 191.67… -0.17
Choice/Select Spread: 18.93
Total Load Count: 190
Cutter Cow Cutout:
164.30… -0.37
CME Feeder Cattle Index for October 19th:
138.66… -1.60
Futures Settlements…
Live Cattle:
October: 104.12… +0.12
December: 105.45… +0.30
February: 108.65… +0.48
Feeder Cattle:
October: 134.50… -0.10
November: 130.77… +0.70
January: 126.70… +1.48
December Hogs: 69.25… -2.17
November Crude Oil: 41.46… +0.63
December Corn: 4.0875… +0.0350
December Wheat: 6.3200… +0.0500
Grain Cash Bids:
Kansas City Corn: 3.75… +0.02
Kansas City Wheat: 5.39… +0.08
Financial Markets:
DJIA: 28,308.79… +113.37
S & P 500: 3,443.12… +16.20
NASDAQ: 11,516.49… +37.61
U.S. Dollar Index: 93.09… -0.34