Sep 27 2021

Texas Daily Ag Market News Summary Posted 3 years 62 days ago by Administrator Account

Daily Market Summary for September 27^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 Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas last week live purchases traded from 123.00-124.00. In Nebraska live and dressed purchases traded at 124.00 and 198.00, respectively. In the Western Cornbelt live and dressed purchases traded from 122.00-124.00 and from 193.00-198.00, respectively.

 

Negotiated Sales:

Confirmed:          503      

Week Ago:         None

Year Ago:            183

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  50,500

Weighted avg. weight:       877.00

Weighted avg. net price:   200.31

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  85,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 302.70… -0.62

Select:  274.38… -0.15

Choice/Select Spread: 28.32

Total Load Count: 109

 

Cutter Cow Cutout:

233.05… +0.38

 

CME Feeder Cattle Index for September 24^th:

153.98… -0.06 / -0.04%

1 Year Change: +7.97%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.40… -0.53

December: 127.80… -0.35

February: 132.40… -0.22

 

Feeder Cattle:

September: 154.25… -0.37

October: 154.77… -2.58

November: 155.57… -3.00

 

October Hogs: 90.25… +2.98

November Crude Oil: 75.45… -1.47

December Corn: 5.3950… +0.1275

December Wheat: 7.2225… -0.0150

 

Grain Cash Bids:

Omaha Corn: 5.82… +0.10

Kansas City Wheat: 6.88… +0.01

 

Financial Markets:

DJIA: 34,870.16… +72.56

S & P 500: 4,443.18… -12.39

NASDAQ: 14,969.97… -77.73

U.S. Dollar Index: 93.40… +0.08