Sep 30 2021

Texas Daily Ag Market News Summary Posted 3 years 59 days ago by Administrator Account

Daily Market Summary for September 30^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 Thursday, negotiated cash trading has been limited on light demand in all major feeding regions with a few live purchases in the Western Cornbelt at 122.00, however not enough purchases in any region for a full market trend. The last reportable market in any region was on Wednesday. In the Texas Panhandle, live purchases traded at 124.00. In Kansas, live purchases traded from 121.00-124.00. In Nebraska, live and dressed purchases traded at 122.00 and 196.00, respectively. In the Western Cornbelt, live and dressed purchases traded from 122.00-123.00 and from 192.00-196.00, respectively.

 

Negotiated Sales:

Confirmed:          9,894      

Week Ago:           8,431

Year Ago:           27,248

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:       874.00

Weighted avg. net price:    203.73

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      121,000

Week ago (est)                     114,000

Year ago (act)                       120,000

Week to Date                       473,000

Same Period Last Week    477,000

Same Period Last Year       476,000

Wednesday

Steers & Heifers:  88,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 294.98… -2.35

Select:  269.32… -2.46

Choice/Select Spread: 25.66

Total Load Count: 129

 

Cutter Cow Cutout:

232.64… +0.13

 

CME Feeder Cattle Index for September 29^th:

153.78… -0.88 / -0.57%

1 Year Change: +8.01%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 120.57-1.20

December: 125.72… -1.33

February: 130.65… -1.17

 

Feeder Cattle:

September: 153.92… -0.35

October: 152.55… -2.07

November: 152.90… -2.37

 

October Hogs: 91.60… +0.80

November Crude Oil: 75.03… +0.20

December Corn: 5.3675… -0.0225

December Wheat: 7.2550… +0.1525

 

Grain Cash Bids:

Omaha Corn: 5.27… -0.02

Kansas City Wheat: 6.99… +0.20

 

Financial Markets:

DJIA: 33,843.33… -547.59

S & P 500: 4,307.21… -52.50

NASDAQ: 14,474.83… -37.61

U.S. Dollar Index: 94.25… -0.09