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Oct
17
2024

Texas Daily Ag Market News Summary

Posted 39 days ago by Administrator Account

Daily Market Summary for October 17th 

 
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 Thursday that negotiated cash trade in Southern Plains negotiated cash trade has been slow on moderate demand. Compared to last week in the Texas Panhandle live FOB purchases traded 1.00 higher at 188.00, on a light test. Compared to last week in Kansas last week live FOB purchases traded 1.00-2.00 higher at 188.00. In Nebraska and the Western Cornbelt negotiated cash has been moderate on trade and demand. Last week in Nebraska live purchases traded from 187.00-188.00. Compared to last week in Nebraska dressed purchases traded steady at 296.00. Compared to last week in the Western Cornbelt live FOB purchases traded steady to 1.00 lower at 187.00. Compared to last week dressed purchase traded steady at 296.00, on a light test.
Negotiated Sales:
Confirmed:       20,184
Week Ago:        35,516
Year Ago:             8,731
Formula Net - Dressed Steers & Heifers:
Head count priced today:  38,700
Weighted avg. weight:             928
Weighted avg. net price:    299.18
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Cattle Slaughter under Federal Inspection
Thursday               118,000
Week Ago              115,000
Year Ago                125.322
Week to Date        488,000
Last Week WTD    474,000
Last Year WTD      501,670
Wednesday
Steers & Heifers:    101,000
Cows & Bulls:           24,000
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Boxed Beef:
Cutout Values:
Choice: 319.26… +0.13
Select:  293.52… +1.15
Choice/Select Spread: 25.74
Total Load Count: 143
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Cutter Cow Cutout:
275.21… -2.62
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CME Feeder Cattle Index for October 16th:
250.25… +0.80 / +0.32%
1 Year Change: +1.39%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle:
October: 186.62… -0.43
December: 186.17… -0.43
February: 186.97… Unchanged
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Feeder Cattle:
October: 246.72… +0.62
November: 245.75… +0.25
January: 243.12… -0.23
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December Lean Hogs: 77.67… -0.03
November Crude Oil: 70.52
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December Corn: 4.0675… +0.0200
December Wheat: 5.8950… -0.0450
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Grain Cash Bids:
Omaha Corn: 3.90… +0.02
Kansas City Wheat: 5.36… +0.07
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Financial Markets:
DJIA: 43,238.78… +161.34
S & P 500: 5,841.43… -0.99
NASDAQ: 18,373.61… +6.53
U.S. Dollar Index: 103.80… -0.22