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Oct
29
2020
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Posted 129 days ago ago by Administrator Account
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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