Sep 12 2022

Texas Daily Ag Market News Summary Posted 2 years 76 days ago by Administrator Account

Daily Market Summary for September 12^th

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Slaughter Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. 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 Southern Plains live purchases traded at 141.00. For the previous week in Nebraska live and dressed purchases traded from 142.00 -143.00 and at 226.00, respectively. In the Western Cornbelt for the prior week live and dressed purchases traded from 143.00-146.00 and from 225.00-230.00, respectively.

Negotiated Sales:

Confirmed:          117

Week Ago:        None

Year Ago:            301

Formula Net - Dressed Steers & Heifers:

Head count priced today:   50,200

Weighted avg. weight:         873.00

Weighted avg. net price:     226.33

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                          3,000

Year ago (act)                        113,000

Friday:

Steers & Heifers:  100,000

Cows & Bulls:          27,000

 

Boxed Beef:

Cutout Values:

Choice: 258.94… +1.68

Select:  235.76… +1.03

Choice/Select Spread: 23.18

Total Load Count: 97

 

Cutter Cow Cutout:

211.64… +1.27

 

CME Feeder Cattle Index for September 9^th:

180.91… -0.33 / -0.18%

1 Year Change: +16.65%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.75… +0.08

December: 151.35… +0.38

February: 155.55… +0.20

 

Feeder Cattle:

September: 181.52… -1.48

October: 183.12… -2.45

November: 184.80… -2.02

 

October Hogs: 91.87… -1.30

October Crude Oil: 87.78… +0.99

 

December Corn: 6.9600… +0.1100

December Wheat: 8.5875… -0.1075

 

Grain Cash Bids:

Omaha Corn: 7.60… +0.16

Kansas City Wheat: 8.87… -0.02

 

Financial Markets:

DJIA: 32,383.18… +231.47

S & P 500: 4,111.04… +43.68

NASDAQ: 12,266.82… +154.51

U.S. Dollar Index: 108.33… -0.67