Sep 09 2021

Texas Daily Ag Market News Summary Posted 3 years 80 days ago by Administrator Account

Daily Market Summary for September 9^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been slow with light demand in Nebraska. A few live and dressed purchases traded from 124.00-125.00 and at 198.00, respectively. Not enough purchases for a full market trend. Wednesday was the last reported market with live and dressed purchases at 126.00 and 203.00, respectively. Thus far for Thursday in Kansas and Western Cornbelt negotiated cash trading has been limited on light demand. In Kansas a few live purchases traded steady at 123.00, when compared to Wednesday. Not enough purchases in the Western Cornbelt for a full market trend. On Wednesday live and dressed purchases traded from 124.00-125.00 and at 203.00, respectively. So far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Wednesday was the last reported market with live purchases from 123.00-124.00.

 

Negotiated Sales:

Confirmed:    14,998         

Week Ago:      9,408

Year Ago:       5,169

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,000

Weighted avg. weight:       879.00

Weighted avg. net price:   203.23

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     121,000

Week ago (est)                    119,000

Year ago (act)                      121,000

Week to Date                      245,000

Same Period Last Week    357,000

Same Period Last Year      245,000

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 332.58… -2.28

Select:  296.45… -1.72

Choice/Select Spread: 36.13

Total Load Count: 132

 

Cutter Cow Cutout:

234.31… -0.15

 

CME Feeder Cattle Index for September 9^th:

156.83… -0.64 / -0.41%

1 Year Change: +11.15%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.75… +0.65

December: 128.80… +0.15

February: 132.90… +0.03

 

Feeder Cattle:

September: 155.75… -0.30

October: 159.25… -0.02

November: 161.22… -0.20

 

October Hogs: 85.47… -1.90

October Crude Oil: 68.14… -1.16

December Corn: 5.1000… -0.0025

December Wheat: 6.9225… -0.1725

 

Grain Cash Bids:

Omaha Corn: 5.65… -0.05

Kansas City Wheat: 6.47… -0.22

 

Financial Markets:

DJIA: 34,880.23… -150.51

S & P 500: 4,493.26… -21.14

NASDAQ: 15,248.25… -32.91

U.S. Dollar Index: 92.49… -0.16