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Oct
23
2020
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Posted 135 days ago ago by Administrator Account
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Daily Market Summary for October 23rd
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 Friday, negotiated cash trading in the Southern Plains has been at a standstill. In Nebraska and the Western Cornbelt, negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a full market trend. The last reported live market in the Southern Plains was on Tuesday at 106.00. In Nebraska, the last reported market was on Wednesday with live purchases from 104.00-105.00 and dressed purchases from 162.00-165.00. In the Western Cornbelt, the last reported market was on Wednesday with live purchases from 103.00-105.00 and dressed purchases from 163.00-165.00.
Negotiated Sales:
Confirmed: 1,668
Week Ago: 6,006
Year Ago: 12,846
Formula Net
Dressed Steers & Heifers:
Head count priced today: 13,900
Weighted avg. weight: 882 lbs.
Weighted avg. net price: 172.41
Cattle Slaughter under Federal Inspection:
Friday (est) 103,000
Week ago (est) 116,000
Year ago (act) 109,000
Week to Date 583,000
Same Period Last Week 592,000
Same Period Last year 581,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 207.49… -1.37
Select: 191.40… +0.32
Choice/Select Spread: 16.09
Total Load Count: 148
Cutter Cow Cutout:
163.31… +1.54
CME Feeder Cattle Index for October 21st:
135.53… -2.83
Futures Settlements…
Live Cattle:
October: 103.35… +0.03
December: 103.57… +0.10
February: 106.62… -0.15
Feeder Cattle:
October: 133.52… -0.30
November: 129.65… -0.77
January: 125.55… -0.65
December Hogs: 67.02… +0.82
December Crude Oil: 39.85… -0.79
December Corn: 4.1925… +0.0300
December Wheat: 6.3275… +0.1000
Grain Cash Bids:
Kansas City Corn: 4.13… +0.03
Kansas City Wheat: 5.38… +0.10
Financial Markets:
DJIA: 28,335.90… -27.76
S & P 500: 3,465.44… +11.95
NASDAQ: 11,548.28… +42.27
U.S. Dollar Index: 92.74… -0.21