Oct 20 2020

Texas Daily Ag Market News Summary Posted 3 years 181 days ago by Administrator Account

Daily Market Summary for October 20^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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 19^th:

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