Sep 13 2024

Texas Daily Ag Market News Summary Posted 73 days ago by Administrator Account

Daily Market Summary for September 13th

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Fed Cattle: 

USDA reports that as of 3:00 PM Friday, trade was limited on light to moderate demand in the Southern Plains, however not enough purchases for an adequate market test. The latest established market in the Southern Plains was on Wednesday with live purchases at 181.00 in the Texas Panhandle and from 180.00-181.00 in Kansas. Trade was light on moderate demand in Nebraska and the Western Cornbelt on Friday. In Nebraska thus far for the week, live purchases have traded mostly steady from 181.00-182.00. Dressed purchases for the week have traded steady to 6.00 higher ranging from 288.00-294.00 on a light test. In the Western Cornbelt thus far for the week, live purchases have traded steady to 2.00 higher from 182.00-183.00 with dressed purchases 2.00-6.00 higher ranging from 288.00-294.00 on a light test.

Negotiated Sales:

Confirmed:         21,337

Week Ago:           9,335

Year Ago:            5,869

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,700

Weighted avg. weight:        881.00

Weighted avg. net price:    290.19

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Cattle Slaughter under Federal Inspection

Friday                     118,000

Week Ago              123,000

Year Ago                121,084

Week to Date       603,000

Last Week WTD    499,000

Last Year WTD      622,224

Thursday

Steers & Heifers:     99,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 304.91… -2.27

Select:  294.17… -1.47

Choice/Select Spread: 10.74

Total Load Count: 128

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Cutter Cow Cutout:

290.86… +3.46

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CME Feeder Cattle Index for September 12th:

243.32… +1.42 / +0.59%

1 Year Change: -3.12%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 177.65… -0.37

December: 178.50… -0.10

February: 179.60… Unchanged

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Feeder Cattle:

September: 241.90… -0.15

October: 239.12… -0.63

November: 235.20… -0.27

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December Lean Hogs: 71.30… -0.25

October Crude Oil: 69.18… +0.21

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December Corn: 4.1325… +0.0725

December Wheat: 5.9475… +0.1625

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Grain Cash Bids:

Omaha Corn: 4.12… +0.06

Kansas City Wheat: 5.40… +0.14

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Financial Markets:

DJIA: 41,393.72… +289.82

S & P 500: 5,626.02… +29.19

NASDAQ: 17,683.98… +111.55

U.S. Dollar Index: 101.11… -0.26