Sep 06 2022

Texas Daily Ag Market News Summary Posted 2 years 83 days ago by Administrator Account

Daily Market Summary for September 6^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 141.00. In Kansas last week live purchases traded from 140.00-141.00. For the prior week in Nebraska live and dressed purchases traded from 143.00-145.00 and from 228.00-230.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 143.00-145.00 and from 228.00-232.00, respectively.

Negotiated Sales:

Confirmed:          72

Week Ago:      5,608

Year Ago:        None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,000

Weighted avg. weight:         877.00

Weighted avg. net price:     229.99

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                        127,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       130,000

Same Period Last Week     248,000

Same Period Last Year       123,000

Friday:

Steers & Heifers:  96,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 260.47… +1.05

Select:  239.30… +0.72

Choice/Select Spread: 21.17

Total Load Count: 125

 

Cutter Cow Cutout:

212.60… -0.15

 

CME Feeder Cattle Index for September 2nd:

179.58… -1.67 / -0.92%

1 Year Change: +14.26%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.05… +0.50

December: 150.87… +0.62

February: 155.20… +0.83

 

Feeder Cattle:

September: 184.17… +0.30

October: 186.10… +1.15

November: 187.02… +0.77

 

October Hogs: 91.10… +1.08

October Crude Oil: 86.88… +0.01

 

December Corn: 6.7600… +0.1025

December Wheat: 8.1700… +0.0600

 

Grain Cash Bids:

Omaha Corn: 7.51… +0.05

Kansas City Wheat: 8.42… +0.04

 

Financial Markets:

DJIA: 31,148.20… -170.24

S & P 500: 3,908.55… -15.71

NASDAQ: 11,547.99… -82.87

U.S. Dollar Index: 110.24… +0.71