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Oct
28
2024

Texas Daily Ag Market News Summary

Posted 28 days ago by Administrator Account

Daily Market Summary for October 28th

 
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 Monday that negotiated cash trade in the Southern Plains, Nebraska and Western Cornbelt has been at a standstill. The latest established market was for the prior week in all regions. In the Texas Panhandle live FOB purchases traded from 190.00-191.00. In Kansas live FOB purchases traded at 190.00. In Nebraska live FOB and dressed delivered purchases traded from 190.00-192.00 and at 298.00, respectively. In the Western Cornbelt live FOB and dressed delivered purchases traded at 190.00 and from 298.00-300.00, respectively.
Negotiated Sales:
Confirmed:             277
Week Ago:              254
Year Ago:                269
Formula Net - Dressed Steers & Heifers:
Head count priced today:  39,900
Weighted avg. weight:             914
Weighted avg. net price:    299.39
-
Cattle Slaughter under Federal Inspection
Monday                 121,000
Week Ago              120,000
Year Ago                124,107
Week to Date        121,000
Last Week WTD    120,000
Last Year WTD      124,107
Friday
Steers & Heifers:     91,000
Cows & Bulls:           22,000
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Boxed Beef:
Cutout Values:
Choice: 323.50… +1.26
Select:  292.18… -2.90
Choice/Select Spread: 31.32
Total Load Count: 158
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Cutter Cow Cutout:
274.53... +0.07
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CME Feeder Cattle Index for October 25th:
249.37… +0.28 / +0.11%
1 Year Change: +5.43%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
October: 190.17… +0.47
December: 189.27… +0.12
February: 190.10… +0.18
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Feeder Cattle:
October: 250.07… +0.45
November: 249.20… +0.63
January: 246.95… +1.33
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December Lean Hogs: 80.62… +0.95
November Crude Oil: 67.87… -3.91
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December Corn: 4.1075… -0.0450
December Wheat: 5.5875… -0.1025
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Grain Cash Bids:
Omaha Corn: 3.96… -0.04
Kansas City Wheat: 5.02… -0.10
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Financial Markets:
DJIA: 42,388.88… +274.48
S & P 500: 5,823.66… +15.55
NASDAQ: 18,567.19… +48.58
U.S. Dollar Index: 104.27… +0.01