Oct 28 2020

Texas Daily Ag Market News Summary Posted 3 years 173 days ago by Administrator Account

Daily Market Summary for October 28^th

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 27^th:

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