|
Oct
27
2020
|
|
Posted 128 days ago ago by Administrator Account
|
|
Daily Market Summary for October 27th
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 in Nebraska and the Texas Panhandle has been mostly inactive on very light demand. In Kansas and the Western Cornbelt 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: 670
Week Ago: 13,756
Year Ago: 413
Formula Net
Dressed Steers & Heifers:
Head count priced today: 10,600
Weighted avg. weight: 912 lbs.
Weighted avg. net price: 171.74
Cattle Slaughter under Federal Inspection:
Tuesday (est) 117,000
Week ago (est) 121,000
Year ago (act) 113,000
Week to Date 232,000
Same Period Last Week 239,000
Same Period Last year 229,000
Previous Day (est)
Steers & Heifers: 91,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 206.70… -1.13
Select: 188.67… +0.18
Choice/Select Spread: 18.03
Total Load Count: 175
Cutter Cow Cutout:
163.37… -0.01
CME Feeder Cattle Index for October 26th:
133.64… -0.06
Futures Settlements…
Live Cattle:
October: 104.85… +0.88
December: 104.05… +0.65
February: 107.02… +0.62
Feeder Cattle:
October: 134.30… +0.60
November: 132.30… +1.73
January: 128.42… +1.65
December Hogs: 67.65… -0.10
December Crude Oil: 39.57… +1.01
December Corn: 4.1600… -0.0175
December Wheat: 6.1575… -0.0425
Grain Cash Bids:
Kansas City Corn: 4.10… -0.02
Kansas City Wheat: 5.19… -0.03
Financial Markets:
DJIA: 27,463.26… -222.45
S & P 500: 3,390.69… -10.27
NASDAQ: 11,431.35… +72.41
U.S. Dollar Index: 92.96… -0.09