Sep 22 2021

Texas Daily Ag Market News Summary Posted 3 years 67 days ago by Administrator Account

Daily Market Summary for September 22^nd

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Slaughter Cattle:

As of 3:00 PM Wednesday in Kansas and Nebraska, negotiated cash trading has been slow with moderate demand. In Kansas live purchases traded steady from 123.00-124.00 when compared to last week. In Nebraska live purchases traded 1.00 lower at 124.00 and dressed purchases traded 2.00 lower at 198.00 when compared to the prior week. So far for Wednesday in the Texas Panhandle and Western Cornbelt negotiated cash trading has been limited on light demand. In the Texas Panhandle a light test of live purchases traded steady at 124.00. In the Western Cornbelt not enough purchases in any price range for a full market trend. Last week in the Western Cornbelt live and dressed purchases traded from 123.00-124.00 and from 196.00-200.00, respectively.

 

Negotiated Sales:

Confirmed:     28,495      

Week Ago:      29,505

Year Ago:       13,352

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,800

Weighted avg. weight:      870.00

Weighted avg. net price:   204.83

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  122,000

Week ago (est)                     121,000

Year ago (act)                       121,000

Week to Date                       363,000

Same Period Last Week     355,000

Same Period Last Year       361,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 307.83… -3.54

Select:  275.50… -2.51

Choice/Select Spread: 32.33

Total Load Count: 186

 

Cutter Cow Cutout:

234.54

 

CME Feeder Cattle Index for September 22^nd:

153.57… -0.20 / -0.13%

1 Year Change: +7.94%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.27… +0.82

December: 128.55… +0.75

February: 132.60… +1.13

 

Feeder Cattle:

September: 154.80… -0.05

October: 157.67… +1.05

November: 158.22… +1.27

 

October Hogs: 83.85… -0.52

November Crude Oil: 72.23… +1.74

December Corn: 5.2250… +0.0850

December Wheat: 7.0575… +0.1550

 

Grain Cash Bids:

Omaha Corn: 5.76… +0.09

Kansas City Wheat: 6.70… +0.15

 

Financial Markets:

DJIA: 34,258.91… +336.54

S & P 500: 4,395.66… +41.51

NASDAQ: 14,896.85… +150.45

U.S. Dollar Index: 93.40… +0.20