Oct 08 2021

Texas Daily Ag Market News Summary Posted 2 years 199 days ago by Administrator Account

Daily Market Summary for October 8^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these regions with a light test noted. In the Texas Panhandle live purchases traded at 124.00. In Kansas and Nebraska live purchases traded from 122.00-124.00 and dressed purchases in Nebraska traded mostly at 196.00. In the Western Cornbelt live and dressed purchases traded at 122.00 and 196.00, respectively.

 

Negotiated Sales:

Confirmed:            2,962    

Week Ago:             6,452

Year Ago:              9,629

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29,800

Weighted avg. weight:       877.00

Weighted avg. net price:    199.25

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           116,000

Week ago (est)                     107,000

Year ago (act)                       112,000

Week to Date                       599,000

Same Period Last Week      580,000

Same Period Last Year        584,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 283.27… -2.03

Select:  262.74… -1.70

Choice/Select Spread: 20.53

Total Load Count: 104

 

Cutter Cow Cutout:

233.66… +2.98

 

CME Feeder Cattle Index for October 7^th:

154.57… +0.77 / +0.50%

1 Year Change: +8.91%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 125.57… +0.30

December: 130.25… +0.15

February: 134.80… +0.15

 

Feeder Cattle:

October: 159.47… -0.88

November: 161.15… -0.45

January: 161.12… -0.13

 

December Hogs: 81.50… -0.52

November Crude Oil: 79.35… +1.05

December Corn: 5.3050… -0.0350

December Wheat: 7.3400… -0.0725

 

Grain Cash Bids:

Omaha Corn: 5.42… -0.04

Kansas City Wheat: 7.05… -0.03

 

Financial Markets:

DJIA: 34,746.71… -8.23

S & P 500: 4,391.43… -8.33

NASDAQ: 14,579.70… -74.32

U.S. Dollar Index: 94.12… -0.09