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Sep
20
2021

Texas Daily Ag Market News Summary

Posted 2 years 190 days ago by Administrator Account

Daily Market Summary for September 20th

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 Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. In Nebraska live and dressed purchases traded at 124.00 and mostly 200.00, respectively. In the Western Cornbelt live and dressed purchases traded from 123.00-124.00 and from 196.00-200.00, respectively.

 

Negotiated Sales:

Confirmed:     None      

Week Ago:       301

Year Ago:        188

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  39,900

Weighted avg. weight:       872.00

Weighted avg. net price:    200.44

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     114,000

Year ago (act)                       118,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 315.66… +1.19

Select:  280.75… +1.00

Choice/Select Spread: 34.91

Total Load Count: 84

 

Cutter Cow Cutout:

234.61... -0.62

 

CME Feeder Cattle Index for September 17th:

153.75… -0.85 / -0.55%

1 Year Change: +8.29%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.77… -0.03

December: 128.07… +0.55

February: 131.52… -0.03

 

Feeder Cattle:

September: 155.00… +0.13

October: 156.67… +0.30

November: 156.62… +0.52

 

October Hogs: 84.97… -0.75

October Crude Oil: 70.29… +1.68

December Corn: 5.2175… -0.0550

December Wheat: 7.0075… -0.0800

 

Grain Cash Bids:

Omaha Corn: 5.90… -0.02

Kansas City Wheat: 6.64… -0.13

 

Financial Markets:

DJIA: 33,970.80… -612.10

S & P 500: 4,357.64… -75.21

NASDAQ: 14,713.90… -330.07

U.S. Dollar Index: 93.23… +0.04






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