Sep 16 2021

Texas Daily Ag Market News Summary Posted 3 years 73 days ago by Administrator Account

Daily Market Summary for September 16^th

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

---

Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these feeding regions. In the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. In Nebraska live and dressed purchases traded at 125.00 and 200.00, respectively. In the Western Cornbelt live and dressed purchases traded from 123.00-124.00 and at 200.00, respectively.

 

Negotiated Sales:

Confirmed:     1,316      

Week Ago:    14,998

Year Ago:       5,169

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:       869.00

Weighted avg. net price:    205.59

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     120,000

Year ago (act)                       120,000

Week to Date                       475,000

Same Period Last Week     365,000

Same Period Last Year       480,000

Tuesday

Steers & Heifers:  93,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 318.00… -1.82

Select:  280.27… -3.62

Choice/Select Spread: 37.73

Total Load Count: 141

 

Cutter Cow Cutout:

235.10… +1.41

 

CME Feeder Cattle Index for September 15^th:

154.20… -0.19 / -0.12%

1 Year Change: +9.67%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.60… -0.57

December: 128.57… -0.88

February: 132.65… -0.50

 

Feeder Cattle:

September: 155.87… +1.15

October: 157.10… +0.60

November: 157.30… -0.27

 

October Hogs: 85.47… +3.20

October Crude Oil: 72.61… Unchanged

December Corn: 5.2950… -0.0400

December Wheat: 7.1300… -0.0075

 

Grain Cash Bids:

Omaha Corn: 5.94… -0.04

Kansas City Wheat: 6.84… +0.04

 

Financial Markets:

DJIA: 34,751.12… -63.01

S & P 500: 4,473.90… -6.98

NASDAQ: 15,181.92… +20.39

U.S. Dollar Index: 92.88… +0.33