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Oct
18
2024

Texas Daily Ag Market News Summary

Posted 38 days ago by Administrator Account

Daily Market Summary for October 18th

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 in the Southern Plains has been slow on light demand. On Thursday in the Southern Plains live FOB purchases traded at 188.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. On Thursday in Nebraska and the Western Cornbelt live purchases traded from 187.00-188.00, while dressed purchases traded at 296.00.

Negotiated Sales:

Confirmed: 5,447

Week Ago: 8,315

Year Ago: 15,041

Formula Net - Dressed Steers & Heifers:

Head count priced today: 36,800

Weighted avg. weight: 899

Weighted avg. net price: 296.79

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Cattle Slaughter under Federal Inspection

Friday 106,000

Week Ago 106,000

Year Ago 117,460

Week to Date 594,000

Last Week WTD 580,000

Last Year WTD 619,130

Thursday

Steers & Heifers: 94,000

Cows & Bulls: 24,000

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Boxed Beef:

Cutout Values:

Choice: 320.65… +1.39

Select: 294.20… +0.68

Choice/Select Spread: 26.45

Total Load Count: 125

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Cutter Cow Cutout:

276.86… +1.65

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CME Feeder Cattle Index for October 17th:

250.80… +0.55 / +0.22%

1 Year Change: +1.50%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:

October: 187.62… +1.00

December: 187.32… +1.15

February: 188.12… +1.15

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Feeder Cattle:

October: 248.32… +1.60

November: 247.60… +1.85

January: 245.50… +2.38

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December Lean Hogs: 77.82… +0.15

November Crude Oil: 69.45… -1.22

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December Corn: 4.0475… -0.0200

December Wheat: 5.7275… -0.1675

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Grain Cash Bids:

Omaha Corn: 3.88… -0.02

Kansas City Wheat: 5.21… -0.15

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Financial Markets:

DJIA: 43,275.78… +37.00

S & P 500: 5,864.68… +23.25

NASDAQ: 18,489.55… +115.94

U.S. Dollar Index: 103.50… -0.33