Sep 08 2022

Texas Daily Ag Market News Summary Posted 2 years 81 days ago by Administrator Account

Daily Market Summary for September 8^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains and Nebraska, negotiated cash trading and demand have been moderate. In the Texas Panhandle, compared to last week, live purchases traded steady at 141.00. In Kansas, compared to last week, live purchases traded steady to 1.00 higher at 141.00. In Nebraska, compared to the prior week, live purchases traded 1.00 lower from 142.00-144.00 and dressed purchases ranged from 226.00-229.00, mostly 2.00-4.00 lower at 226.00. In the Western Cornbelt negotiated cash trading has been slow with light to moderate demand. A few live purchases traded at 143.00. However, not enough live or dressed purchases for a full market trend. For the previous week live and dressed purchases traded from 143.00-145.00 and from 228.00-232.00, respectively.

Negotiated Sales:

Confirmed:    43,057

Week Ago:      9,130

Year Ago:      14,998

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,400

Weighted avg. weight:         883.00

Weighted avg. net price:     230.78

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     127,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       385,000

Same Period Last Week     498,000

Same Period Last Year       366,000

Wednesday:

Steers & Heifers:  99,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 258.01… -3.33

Select:  236.04… -1.47

Choice/Select Spread: 21.97

Total Load Count: 189

 

Cutter Cow Cutout:

210.44… -1.74

 

CME Feeder Cattle Index for September 7^th:

180.31… +1.17 / +0.65%

1 Year Change: +14.97%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.37… +0.12

December: 149.65… -0.42

February: 154.27… -0.23

 

Feeder Cattle:

September: 182.32… +0.30

October: 184.40… +0.45

November: 185.75… +0.30

 

October Hogs: 92.12… +1.05

October Crude Oil: 83.54… +1.60

 

December Corn: 6.6850… -0.0250

December Wheat: 8.2900… -0.1525

 

Grain Cash Bids:

Omaha Corn: 7.44… -0.02

Kansas City Wheat: 8.53… +0.09

 

Financial Markets:

DJIA: 31,773.80… +192.52

S & P 500: 4,005.99… +26.12

NASDAQ: 11,846.65… +54.75

U.S. Dollar Index: 109.66… -0.18