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Oct
28
2020
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Posted 130 days ago ago by Administrator Account
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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