Sep 07 2022

Texas Daily Ag Market News Summary Posted 2 years 82 days ago by Administrator Account

Daily Market Summary for September 7^th

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Slaughter Cattle:

Wednesday negotiated cash trading has been at a standstill in Kansas. In the Texas Panhandle, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend in these regions. 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:     1,034

Week Ago:      9,542

Year Ago:      15,318

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,600

Weighted avg. weight:         869.00

Weighted avg. net price:     234.56

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 128,000

Week ago (est)                     125,000

Year ago (act)                       122,000

Week to Date                       258,000

Same Period Last Week     373,000

Same Period Last Year       245,000

Tuesday:

Steers & Heifers:  101,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 261.34… +0.87

Select:  237.51… -1.79

Choice/Select Spread: 23.83

Total Load Count: 218

 

Cutter Cow Cutout:

212.18… -0.42

 

CME Feeder Cattle Index for September 6^th:

179.14… -0.44 / -0.25%

1 Year Change: +13.76%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.25… -0.80

December: 150.07… -0.80

February: 154.50… -0.70

 

Feeder Cattle:

September: 182.02… -2.15

October: 183.95… -2.15

November: 185.45… -1.57

 

October Hogs: 91.07… -0.03

October Crude Oil: 81.94… -4.94

 

December Corn: 6.7100… -0.0500

December Wheat: 8.4425… +0.2725

 

Grain Cash Bids:

Omaha Corn: 7.46… -0.05

Kansas City Wheat: 8.62… +0.20

 

Financial Markets:

DJIA: 31,581.65… +436.35

S & P 500: 3,980.18… +71.99

NASDAQ: 11,788.96… +244.05

U.S. Dollar Index: 109.59… -0.62