Sep 28 2021

Texas Daily Ag Market News Summary Posted 3 years 61 days ago by Administrator Account

Daily Market Summary for September 28^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on very light demand in all major feeding regions. Not enough purchases in any region for a full market trend. 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:         2,481      

Week Ago:          1,765

Year Ago:              640

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,200

Weighted avg. weight:      873.00

Weighted avg. net price:   204.09

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     122,000

Year ago (act)                       118,000

Week to Date                       240,000

Same Period Last Week     241,000

Same Period Last Year       234,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 301.56… -1.14

Select:  274.35… -0.03

Choice/Select Spread: 27.21

Total Load Count: 155

 

Cutter Cow Cutout:

233.79… +0.74

 

CME Feeder Cattle Index for September 27^th:

154.81… -0.06 / -0.04%

1 Year Change: +8.75%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.00… -0.40

December: 127.50… -0.30

February: 132.32… -0.08

 

Feeder Cattle:

September: 154.40… +0.15

October: 156.12… +1.35

November: 157.05… +1.48

 

October Hogs: 91.67… +1.42

November Crude Oil: 75.29… -0.16

December Corn: 5.3250… -0.0700

December Wheat: 7.0650… -0.1575

 

Grain Cash Bids:

Omaha Corn: 5.33… -0.11

Kansas City Wheat: 6.72… -0.16

 

Financial Markets:

DJIA: 34,288.76… -581.40

S & P 500: 4,352.50… -90.68

NASDAQ: 14,550.30… -419.67

U.S. Dollar Index: 93.75… +0.37