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Oct
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Texas Daily Ag Market News Summary

Posted 129 days ago ago by Administrator Account

Daily Market Summary for October 29th

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 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 28th:

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