Sep 14 2022

Texas Daily Ag Market News Summary Posted 2 years 74 days ago by Administrator Account

Daily Market Summary for September 14^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 Wednesday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska a few dressed purchases traded from 226.00-227.00. In the Western Cornbelt a few live purchases traded at 143.00. However, not enough purchases for a market trend in either region. 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. In the Southern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 141.00.

Negotiated Sales:

Confirmed:        10,768

Week Ago:           1,034

Year Ago:           29,595

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,100

Weighted avg. weight:         873.00

Weighted avg. net price:     224.70

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     128,000

Year ago (act)                       119,000

Week to Date                       379,000

Same Period Last Week     258,000

Same Period Last Year       352,000

Tuesday:

Steers & Heifers:   102,000

Cows & Bulls:           26,000

 

Boxed Beef:

Cutout Values:

Choice: 253.47… -3.19

Select:  230.11… -3.47

Choice/Select Spread: 23.36

Total Load Count: 210

 

Cutter Cow Cutout:

213.62… +2.79

 

CME Feeder Cattle Index for September 13^th:

179.97… -0.09 / -0.05%

1 Year Change: +16.71%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.35… -0.45

December: 150.05… -0.40

February: 154.47… -0.25

 

Feeder Cattle:

September: 179.97… +0.52

October: 181.42… +0.90

November: 182.97… +0.62

 

October Hogs: 94.70… -1.05

October Crude Oil: 88.48… +1.17

 

December Corn: 6.8225… -0.1050

December Wheat: 8.7225… +0.1175

 

Grain Cash Bids:

Omaha Corn: 7.53… -0.03

Kansas City Wheat: 9.07… +0.13

 

Financial Markets:

DJIA: 31,135.09… +30.12

S & P 500: 3,946.14… +13.45

NASDAQ: 11,721.14… +87.57

U.S. Dollar Index: 109.69… -0.13