Oct 22 2020

Texas Daily Ag Market News Summary Posted 3 years 185 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!

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in all feeding regions. Not enough purchases for a full market trend. The last reported live market in the Southern Plains was on Tuesday at 106.00. In Nebraska, the last reported market was on Wednesday with live purchases from 104.00-105.00 and dressed purchases from 162.00-165.00. In the Western Cornbelt, the last reported market was on Wednesday with live purchases from 103.00- 105.00 and dressed purchases from 163.00-165.00.

   

Negotiated Sales:

Confirmed:        5,046

Week Ago:       25,241

Year Ago:         28,850

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,600

Weighted avg. weight:       895 lbs.

Weighted avg. net price:    174.71

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    480,000

Same Period Last Week   476,000

Same Period Last year     472,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.86… +0.39

Select:  190.08… +0.17

Choice/Select Spread: 17.78

Total Load Count: 160

            

Cutter Cow Cutout:

161.77… -1.72

   

CME Feeder Cattle Index for October 21^st:

135.53... -2.83

            

Futures Settlements…

Live Cattle:

October: 103.32… -0.33

December: 103.47… -1.10

February: 106.77… -1.30

   

Feeder Cattle:

October: 133.82… -0.58

November: 130.42… -0.73

January: 126.20… -0.87

     

December Hogs: 66.20… -3.00

December Crude Oil: 40.64… +0.61

   

December Corn: 4.1625… +0.0250

December Wheat: 6.2275… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 3.73… -0.03

Kansas City Wheat: 5.28… -0.10

   

Financial Markets:

DJIA: 28,363.66… +152.97

S & P 500: 3,453.49… +18.02

NASDAQ: 11,506.01… +21.32

U.S. Dollar Index: 92.95… +0.34