Oct 29 2020

Texas Daily Ag Market News Summary Posted 4 years 246 days ago by Administrator Account

Daily Market Summary for October 29^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in all feeding regions. A few live purchases have traded at 106.00 in the Southern Plains and at 103.00 in Nebraska. However 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. Last week in the Western Cornbelt, live purchases traded from 103.00-105.00 and dressed purchases from 163.00-165.00.

   

Negotiated Sales:

Confirmed:      13,820

Week Ago:         5,046

Year Ago:           4,931

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,200

Weighted avg. weight:       930 lbs.

Weighted avg. net price:    174.15

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   114,000

Week ago (est)                  120,000

Year ago (act)                    118,000

Week to Date                    464,000

Same Period Last Week   480,000

Same Period Last year     465,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 207.17… +1.38

Select:  191.23… +1.65

Choice/Select Spread: 15.94

Total Load Count: 157

            

Cutter Cow Cutout:

161.86… -0.79

   

CME Feeder Cattle Index for October 28^th:

134.34… +1.02

            

Futures Settlements…

Live Cattle:

October: 106.27… +0.42

December: 107.97… +3.30

February: 110.37… +2.67

   

Feeder Cattle:

October: 136.45… +1.28

November: 135.72… +1.82

January: 131.35… +1.40

     

December Hogs: 65.62… -0.75

December Crude Oil: 36.17… -1.22

   

December Corn: 3.9850… -0.0300

December Wheat: 6.0375… -0.0500

   

Grain Cash Bids:

Kansas City Corn: 3.93… -0.03

Kansas City Wheat: 5.12… -0.01

   

Financial Markets:

DJIA: 26,659.57... +139.62

S & P 500: 3,310.14... +39.10

NASDAQ: 11,185.59... +180.72

U.S. Dollar Index: 93.90... +0.49