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Oct
25
2024

Texas Daily Ag Market News Summary

Posted 31 days ago by Administrator Account

Daily Market Summary for October 25th

 
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 inactive on very light demand. In Nebraska and Western Cornbelt negotiated cash trading has been light on light demand. Not enough purchases in any region for a market trend. The latest established market in all regions was on Thursday. In the Texas Panhandle live FOB purchases traded from 190.00-191.00. In Kansas live FOB purchases traded mostly at 190.00, with a few at 191.00. In Nebraska live FOB purchases traded mostly at 190.00, with a few at 191.00, and dressed delivered purchases traded mostly at 298.00, with a few up to 302.00. In the Western Cornbelt live FOB purchases traded at 190.00 and dressed delivered purchases traded from 298.00-300.00, on a light test.
Negotiated Sales:
Confirmed:          3,708
Week Ago:           5,447
Year Ago:           27,770
Formula Net - Dressed Steers & Heifers:
Head count priced today:  32,800
Weighted avg. weight:           909
Weighted avg. net price:   299.31
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Cattle Slaughter under Federal Inspection
Friday                    113,000
Week Ago              106,000
Year Ago                117,114
Week to Date        604,000
Last Week WTD    594,000
Last Year WTD      619,202
Thursday
Steers & Heifers:    100,000
Cows & Bulls:            24,000
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Boxed Beef:
Cutout Values:
Choice: 322.24… +1.07
Select:  295.08… +0.74
Choice/Select Spread: 27.16
Total Load Count: 87
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Cutter Cow Cutout:
274.46… +0.36
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CME Feeder Cattle Index for October 24th:
249.09… -0.47 / -0.19%
1 Year Change: +3.09%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
October: 189.70… +0.40
December: 189.15… -0.10
February: 189.92… -0.03
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Feeder Cattle:
October: 249.62… +0.22
November: 248.57… +0.05
January: 245.62… +0.10
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December Lean Hogs: 79.67… +1.02
November Crude Oil: 71.63… +1.44
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December Corn: 4.1525… -0.0625
December Wheat: 5.6900… -0.1250
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Grain Cash Bids:
Omaha Corn: 4.00… -0.07
Kansas City Wheat: 5.12… -0.15
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Financial Markets:
DJIA: 42,114.40… -260.49
S & P 500: 5,808.11… -1.78
NASDAQ: 18,518.61… +103.12
U.S. Dollar Index: 104.32… +0.26