Sep 22 2020

Texas Daily Ag Market News Summary Posted 3 years 214 days ago by Administrator Account

Daily Market Summary for September 22^nd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was limited on light to moderate demand in most feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in any region was last week with live purchases in the Texas Panhandle from 103.00-103.50. Last week in Nebraska, live purchases traded from 103.00-103.50 with dressed purchases from 163.00-164.00. For the previous week in the Western Cornbelt live purchases traded from 103.00-105.00 and dressed purchases moved from 162.00-164.00.

   

Negotiated Sales:

Confirmed:              1,570

Week Ago:                  268

Year Ago:                   157

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,800

Weighted avg. weight:       875 lbs.

Weighted avg. net price:    165.71

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     121,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    241,000

Same Period Last Week   240,000

Same Period Last year     232,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 215.44… -0.78

Select:  206.30… +0.48

Choice/Select Spread: 9.14

Total Load Count: 162

        

Cutter Cow Cutout:

177.47… -1.03

   

CME Feeder Cattle Index for September 21^st:

142.45… +0.40

            

Futures…

Live Cattle:

October: 106.47… -0.23

December: 110.17… -0.43

February: 114.20… -1.05

   

Feeder Cattle:

September: 141.70… +0.63

October: 140.62… -1.63

November: 141.17… -1.55

     

October Hogs: 68.32… +2.72

October Crude Oil: 39.60… +0.29

   

December Corn: 3.6925… -0.0050

December Wheat: 5.5800… +0.0325

   

Grain Cash Bids:

Kansas City Corn: 3.63… Unchanged

Kansas City Wheat: 4.60... +0.05

   

Financial Markets:

DJIA: 27,288.04… +140.80

S & P 500: 3,315.57… +34.48

NASDAQ: 10,963.34… +184.84

U.S. Dollar Index: 93.97... +0.31