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Oct
28
2020

Texas Daily Ag Market News Summary

Posted 130 days ago ago by Administrator Account

Daily Market Summary for October 28th

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 mostly inactive on light demand in all feeding regions. 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:        5,228

Week Ago:       18,193

Year Ago:          8,116

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,500

Weighted avg. weight:       891 lbs.

Weighted avg. net price:    170.86

        

Cattle Slaughter under Federal Inspection:

Wednesday (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: 205.79… -0.91

Select:  189.58… +0.91

Choice/Select Spread: 16.21

Total Load Count: 173

            

Cutter Cow Cutout:

162.65… -0.72

   

CME Feeder Cattle Index for October 27th:

133.32… -0.32

            

Futures Settlements…

Live Cattle:

October: 105.85… +1.00

December: 104.67… +0.62

February: 107.70… +0.68

   

Feeder Cattle:

October: 135.17… +0.87

November: 133.90… +1.60

January: 129.95… +1.53

     

December Hogs: 66.37… -1.28

December Crude Oil: 37.39… -2.18

   

December Corn: 4.0150… -0.1450

December Wheat: 6.0875… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 3.96… -0.14

Kansas City Wheat: 5.13… -0.06

   

Financial Markets:

DJIA: 26,519.95… -943.31

S & P 500: 3,271.04… -119.65

NASDAQ: 11,004.87… -426.48

U.S. Dollar Index: 93.45… +0.51