Oct
21
2020
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Posted 137 days ago ago by Administrator Account
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Daily Market Summary for October 21st
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 has been limited on light demand in in the Southern Plains, not enough for a full market trend. The last reported live market was on Tuesday at 106.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week, live purchases have traded 3.00 lower from 104.00-105.00 and dressed purchases have traded 4.00-7.00 lower from 162.00-165.00. In the Western Cornbelt negotiated cash trade has been limited on light demand. Not enough for a full market trend. Last week in the Western Cornbelt live purchases traded from 106.00-108.00 and dressed purchases traded from 167.00-169.00.
The FCE On-Line Auction offered 1,096 head today with 588 sold @ weighted average price of $106.50 and 144 sold for 1 to 17 Day Delivery @ weighted average price $106.25.
Negotiated Sales:
Confirmed: 18,193
Week Ago: 26,679
Year Ago: 3,732
Formula Net
Dressed Steers & Heifers:
Head count priced today: 13,000
Weighted avg. weight: 896 lbs.
Weighted avg. net price: 174.38
Cattle Slaughter under Federal Inspection:
Wednesday (est) 121,000
Week ago (est) 119,000
Year ago (act) 119,000
Week to Date 360,000
Same Period Last Week 356,000
Same Period Last year 355,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 208.47… -2.13
Select: 190.91… -0.76
Choice/Select Spread: 17.56
Total Load Count: 207
Cutter Cow Cutout:
163.49… -0.81
CME Feeder Cattle Index for October 20th:
138.36… -0.30
Futures Settlements…
Live Cattle:
October: 103.65… -0.47
December: 104.57… -0.88
February: 108.07… -0.58
Feeder Cattle:
October: 134.40… -0.10
November: 131.15… +0.38
January: 127.07… +0.37
December Hogs: 69.20… -0.05
December Crude Oil: 40.03… -1.67
December Corn: 4.1375… +0.0500
December Wheat: 6.2975… -0.0225
Grain Cash Bids:
Kansas City Corn: 3.75… Unchanged
Kansas City Wheat: 5.38… -0.01
Financial Markets:
DJIA: 28,210.69… -98.10
S & P 500: 3,435.47… -7.65
NASDAQ: 11,484.69… -31.80
U.S. Dollar Index: 92.64… -0.43