Oct 10 2024

Texas Daily Ag Market News Summary Posted 19 days ago by Administrator Account

Daily Market Summary for October 10th

USDA reported at 3:00 PM on Thursday that negotiated cash trade in the Texas Panhandle has been slow on light demand. Last week live FOB purchases traded at 186.00. In Kansas negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded steady to 1.00 higher from 186.00-187.00. In Nebraska negotiated cash has been moderate on trade and demand. Compared to last week live purchases traded steady at 187.00 Compared to last week dressed purchases traded steady at 296.00. In the Western Cornbelt negotiated cash has been moderate on trade and demand. Compared Wednesday live FOB purchases traded steady at 187.00. Compared to last week dressed purchase traded steady at 296.00.

Negotiated Sales:

Confirmed:      35,516

Week Ago:           345

Year Ago:        20,384

Formula Net - Dressed Steers & Heifers:

Head count priced today:  32,700

Weighted avg. weight:           928

Weighted avg. net price:   297.42

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Cattle Slaughter under Federal Inspection

Thursday               115,000

Week Ago              124,000

Year Ago                121,523

Week to Date        474,000

Last Week WTD    491,000

Last Year WTD      498,512

Wednesday

Steers & Heifers:    101,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 309.95… +1.77

Select:  290.73… +2.10

Choice/Select Spread: 19.22

Total Load Count: 108

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Cutter Cow Cutout:

274.66… -0.76

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CME Feeder Cattle Index for October 9th:

249.52… +0.04 / +0.02%

1 Year Change: -0.30%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 189.17… +0.97

December: 188.27… +1.05

February: 188.87… +0.70

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Feeder Cattle:

October: 250.27… +1.00

November: 249.95… +1.28

January: 247.20… +1.33

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December Lean Hogs: 76.95… +1.38

November Crude Oil: 75.95… +2.71

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December Corn: 4.1850… -0.0250

December Wheat: 6.0375… +0.0475

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Grain Cash Bids:

Omaha Corn: 4.01… -0.02

Kansas City Wheat: 5.51… +0.02

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Financial Markets:

DJIA: 42,454.02… -58.04

S & P 500: 5,780.03… -11.99

NASDAQ: 18,282.05… -9.57

U.S. Dollar Index: 102.89… -0.04