Sep 13 2021

Texas Daily Ag Market News Summary Posted 3 years 76 days ago by Administrator Account

Daily Market Summary for September 13^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all feeding regions. Last week in the Texas Panhandle live purchases traded mostly at 124.00. In Kansas live purchases traded from 123.00-124.00 for the prior week. For the previous week in Nebraska live and dressed purchases traded from 124.00-126.00 and 198.00-203.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 124.00-127.00 and 198.00-203.00, respectively.

 

Negotiated Sales:

Confirmed:       301       

Week Ago:      None

Year Ago:       None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  53,700

Weighted avg. weight:        872.00

Weighted avg. net price:    200.44

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        114,000

Week ago (est)                         3,000

Year ago (act)                       118,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 325.93… -1.29

Select:  292.16… -1.21

Choice/Select Spread: 33.77

Total Load Count: 125

 

Cutter Cow Cutout:

234.65… -0.89

 

CME Feeder Cattle Index for September 10^th:

155.09… +0.09 / +0.06%

1 Year Change: +9.63%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.27… -1.15

December: 127.15… -1.07

February: 130.42… -1.60

 

Feeder Cattle:

September: 152.20… -2.05

October: 155.45… -2.27

November: 157.15… -1.97

 

October Hogs: 80.77… -1.68

October Crude Oil: 70.45… +0.73

December Corn: 5.1325… -0.0425

December Wheat: 6.8700… -0.0150

 

Grain Cash Bids:

Omaha Corn: 5.70… +0.03

Kansas City Wheat: 6.50… +0.03

 

Financial Markets:

DJIA: 34,871.80… +264.34

S & P 500: 4,468.75… +10.20

NASDAQ: 15,105.59… -9.90

U.S. Dollar Index: 92.66… +0.08