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Oct
11
2024

Texas Daily Ag Market News Summary

Posted 45 days ago by Administrator Account

Daily Market Summary for October 11th

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

Fed Cattle: 
USDA reported at 3:00 PM on Friday that negotiated cash trade in the Southern Plains has been mostly inactive on light demand. In the Texas Panhandle on Thursday live FOB purchases traded at 187.00, on a light test. On Thursday in Kansas live FOB purchases traded from 186.00-187.00. In Nebraska and the Western Cornbelt negotiated cash has been slow on light demand. Compared to Thursday in Nebraska live purchases traded steady to 1.00 higher from 187.00-188.00. On Thursday dressed purchases traded at 296.00. Compared Thursday in the Western Cornbelt live FOB purchases traded steady from 187.00-188.00. On Thursday dressed purchase traded at 296.00.
Negotiated Sales:
Confirmed:       8,315
Week Ago:      16,183
Year Ago:        11,203
Formula Net - Dressed Steers & Heifers:
Head count priced today:  32,300
Weighted avg. weight:            911
Weighted avg. net price:    297.98
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Cattle Slaughter under Federal Inspection
Friday                     106,000
Week Ago              108,000
Year Ago                 110,931
Week to Date        580,000
Last Week WTD    599,000
Last Year WTD      609,443
Thursday
Steers & Heifers:      91,000
Cows & Bulls:            24,000
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Boxed Beef:
Cutout Values:
Choice: 311.22… +1.27
Select:  288.72… -2.01
Choice/Select Spread: 22.50
Total Load Count: 94
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Cutter Cow Cutout:
274.11… -0.22
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CME Feeder Cattle Index for October 10th:
250.05… +0.53 / +0.21%
1 Year Change: -0.10%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
October: 188.60… -0.57
December: 187.57… -0.70
February: 188.20… -0.67
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Feeder Cattle:
October: 249.75… -0.52
November: 249.80… -0.15
January: 247.25… +0.05
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December Lean Hogs: 77.65… +0.70
November Crude Oil: 75.62… -0.23
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December Corn: 4.1575… -0.0275
December Wheat: 5.9900… -0.0475
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Grain Cash Bids:
Omaha Corn: 3.95… -0.03
Kansas City Wheat: 5.45… -0.06
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Financial Markets:
DJIA: 42,863.93… +409.91
S & P 500: 5,815.04… +35.11
NASDAQ: 18,342.94… +60.89
U.S. Dollar Index: 102.92… -0.07