Sep 09 2022

Texas Daily Ag Market News Summary Posted 2 years 80 days ago by Administrator Account

Daily Market Summary for September 9^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been slow on light demand. In Nebraska, compared to the last reported market on Thursday, live purchases traded unevenly steady at 143.00. Not enough dressed purchases for a market trend. The last reported dressed purchase market was on Thursday at 226.00. In the Western Cornbelt a few live purchases traded at 144.00. However, not enough live or dressed purchases for a market trend. The last reported live purchases market was on Thursday from 143.00-143.00. Last week dressed purchases traded from 228.00232.00. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. The last reported market was on Thursday with live purchases at 141.00.

Negotiated Sales:

Confirmed:    10,073

Week Ago:       2,571

Year Ago:         2,060

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,500

Weighted avg. weight:         877.00

Weighted avg. net price:     232.50

 

Cattle Slaughter under Federal Inspection

Friday (est)                           127,000

Week ago (est)                     123,000

Year ago (act)                       120,000

Week to Date                       512,000

Same Period Last Week     621,000

Same Period Last Year       486,000

Thursday:

Steers & Heifers:  98,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 257.26… -0.75

Select:  234.73… -1.31

Choice/Select Spread: 22.53

Total Load Count: 118

 

Cutter Cow Cutout:

210.37… -0.07

 

CME Feeder Cattle Index for September 8^th:

181.24… +0.93 / +0.52%

1 Year Change: +16.93%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.67… +1.30

December: 150.97… +1.32

February: 155.35… +1.08

 

Feeder Cattle:

September: 183.00… +0.68

October: 185.57… +1.17

November: 186.82… +1.07

 

October Hogs: 93.17… +1.05

October Crude Oil: 86.79… +3.25

 

December Corn: 6.8500… +0.1650

December Wheat: 8.6950… +0.4050

 

Grain Cash Bids:

Omaha Corn: 7.44… +0.04

Kansas City Wheat: 8.89… +0.36

 

Financial Markets:

DJIA: 32,151.70… +377.19

S & P 500: 4,067.41… +61.23

NASDAQ: 12,112.31… +250.18

U.S. Dollar Index: 108.97… -0.74