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Oct
26
2020
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Posted 129 days ago ago by Administrator Account
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Daily Market Summary for October 26th
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 Nebraska and the Western Cornbelt has been mostly inactive on very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 106.00. Last week in Nebraska live purchases traded at 105.00 and dressed purchases from 162.00-166.00. In the Western Cornbelt last week, live purchases traded from 103.00-105.00 and dressed purchases from 163.00-165.00
Negotiated Sales:
Confirmed: 410
Week Ago: 14,911
Year Ago: 105
Formula Net
Dressed Steers & Heifers:
Head count priced today: 29,600
Weighted avg. weight: 901 lbs.
Weighted avg. net price: 171.20
Cattle Slaughter under Federal Inspection:
Monday (est) 118,000
Week ago (est) 118,000
Year ago (act) 116,000
Previous Day (est)
Steers & Heifers: 80,000
Cows & Bulls: 23,000
Boxed Beef:
Cutout Values:
Choice: 207.83… +0.34
Select: 188.49… -2.91
Choice/Select Spread: 19.34
Total Load Count: 135
Cutter Cow Cutout:
163.38… +0.07
CME Feeder Cattle Index for October 23rd:
133.70… -0.31
Futures Settlements…
Live Cattle:
October: 103.97… +0.62
December: 103.40… -0.17
February: 106.40… -0.22
Feeder Cattle:
October: 133.70… -0.18
November: 130.57… +0.92
January: 126.77… +1.22
December Hogs: 67.75… +0.73
December Crude Oil: 38.56… -1.29
December Corn: 4.1775… -0.0150
December Wheat: 6.2000… -0.1275
Grain Cash Bids:
Kansas City Corn: 4.12… -0.01
Kansas City Wheat: 5.22… -0.16
Financial Markets:
DJIA: 27,685.71… -650.19
S & P 500: 3,400.96… -64.48
NASDAQ: 11,358.94… -189.94
U.S. Dollar Index: 93.07… -0.30