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Sep
12
2024

Texas Daily Ag Market News Summary

Posted 43 days ago by Administrator Account

Daily Market Summary for September 12th

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

Fed Cattle:

As of 3:00 PM

Negotiated Sales:

Confirmed: 3,002

Week Ago: 1,600

Year Ago: 2,091

Formula Net - Dressed Steers & Heifers:

Head count priced today: 22,700

Weighted avg. weight: 902.00

Weighted avg. net price: 292.68

Cattle Slaughter under Federal Inspection

Thursday 123,000

Week Ago 124,000

Year Ago 124,522

Week to Date 485,000

Last Week WTD 376,000

Last Year WTD 501,140

Wednesday

Steers & Heifers: 100,000

Cows & Bulls: 24,000

Boxed Beef:

Cutout Values:

Choice: 307.18… -0.18

Select: 295.64… +1.26

Choice/Select Spread: 11.54

Total Load Count: 136

Cutter Cow Cutout:

287.40… -2.95

CME Feeder Cattle Index for September 11th:

241.90… -1.14 / -0.47%

1 Year Change: -3.58%

52 Week Range: 215.33 to 261.88

Futures Settlements:

Live Cattle:

October: 178.02… +1.07

December: 178.60… +1.38

February: 179.60… +1.28

Feeder Cattle:

September: 242.05… +1.05

October: 239.75… +2.25

November: 235.47… +1.45

December Lean Hogs: 71.55… -0.75

October Crude Oil: 69.22… +1.91

December Corn: 4.0600… +0.0125

December Wheat: 5.7850… -0.0075

Grain Cash Bids:

Omaha Corn: 4.06… +0.01

Kansas City Wheat: 5.26… -0.02

Financial Markets:

DJIA: 41,103.90… +242.71

S & P 500: 5,596.83… +42.76

NASDAQ: 17,572.43… +176.90

U.S. Dollar Index: 101.30… -0.38

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