Oct 22 2021

Texas Daily Ag Market News Summary Posted 2 years 178 days ago by Administrator Account

Daily Market Summary for October 22^nd

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 Friday, negotiated cash trading has been mostly inactive with light demand in all feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 124.00. In Nebraska live and dressed purchases traded from 124.00-126.50 and at 196.00, respectively. In the Western Cornbelt live and dressed purchases traded mostly from 124.00-125.00 and at 196.00, respectively.

 

Negotiated Sales:

Confirmed:          1,298    

Week Ago:           1,585

Year Ago:             6,006

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,000

Weighted avg. weight:        878.00

Weighted avg. net price:    199.77

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           112,000

Week ago (est)                     107,000

Year ago (act)                       104,000

Week to Date                       594,000

Same Period Last Week     587,000

Same Period Last Year       583,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 281.82… +1.16

Select:  263.11… +0.39

Choice/Select Spread: 18.71

Total Load Count: 91

 

Cutter Cow Cutout:

230.90… +0.02

 

CME Feeder Cattle Index for October 20^th:

155.11… +1.08 / +0.07%

1 Year Change: +14.45%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.10… -0.87

December: 128.32… -1.23

February: 133.50… -1.27

 

Feeder Cattle:

October: 155.42… -0.83

November: 156.90… -2.17

January: 157.32… -2.68

 

December Hogs: 73.32… +0.12

December Crude Oil: 83.76… +1.26

December Corn: 5.3800… +0.0575

December Wheat: 7.5600… +0.1475

 

Grain Cash Bids:

Omaha Corn: 5.29… +0.05

Kansas City Wheat: 7.41… +0.27

 

Financial Markets:

DJIA: 35,677.68… +75.72

S & P 500: 4,544.98… -4.80

NASDAQ: 15,090.20… -124.80

U.S. Dollar Index: 93.62… -0.16