Oct 02 2020

Texas Daily Ag Market News Summary Posted 3 years 200 days ago by Administrator Account

Daily Market Summary for October 2^nd

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been very limited on light demand in all feeding regions. Not enough purchases for a full market trend. The last fully reported market was on Thursday. In the Southern Plains and Nebraska live purchases moved at 107.00. In Nebraska dressed purchases moved at 168.00. In the Western Cornbelt live purchases moved from 107.00-108.00 and dressed purchases moved at 168.00.

   

Negotiated Sales:

Confirmed:           9,629

Week Ago:            9,570

Year Ago:           44,173

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,900

Weighted avg. weight:       866 lbs.

Weighted avg. net price:    168.62

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         117,000

Week ago (est)                  112,000

Year ago (act)                    110,000

Week to Date                    595,000

Same Period Last Week   594,000

Same Period Last year     580,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 218.88… -0.10

Select:  207.61… -0.01

Choice/Select Spread: 11.27

Total Load Count: 121

            

Cutter Cow Cutout:

170.83… -0.97

   

CME Feeder Cattle Index for October 1^st:

142.96… +0.58

            

Futures Settlements…

Live Cattle:

October: 108.17… -0.35

December: 111.10… -0.72

February: 114.72… -0.75

   

Feeder Cattle:

October: 139.90… -1.02

November: 139.87… -1.38

January: 138.00… -1.55

     

October Hogs: 74.50… +0.35

November Crude Oil: 37.05… -1.67

   

December Corn: 3.7975… -0.3000

December Wheat: 5.7325… +0.0300

   

Grain Cash Bids:

Kansas City Corn: 3.66… -0.02

Kansas City Wheat: 4.78… +0.03

   

Financial Markets:

DJIA: 27,682.81… -134.09

S & P 500: 3,348.44… -32.36

NASDAQ: 11,075.02… -251.49

U.S. Dollar Index: 93.86… +0.15