Sep 16 2022

Texas Daily Ag Market News Summary Posted 2 years 72 days ago by Administrator Account

Daily Market Summary for September 16th

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

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Slaughter Cattle:

As of 3:00 PM, USDA's Friday report unavailable.

Thursday in the Southern Plains, negotiated cash trading has been slow on light demand. Compared to the last reported market on Wednesday live purchases traded steady at 142.00. In Nebraska negotiated cash trading has been slow on moderate demand. Compared to last week live purchases traded steady to 1.00 higher at 143.00. Dressed purchases compared to the last reported market on Wednesday traded steady from 226.00-227.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. Wednesday was the last reported live purchase market from 143.00-144.00. Last week dressed purchases traded from 225.00-230.00.

Negotiated Sales:

Confirmed:        26,415

Week Ago:         55,430

Year Ago:             5,538

Formula Net - Dressed Steers & Heifers:

Head count priced today:    30,300

Weighted avg. weight:         902.00

Weighted avg. net price:     230.60

 

Cattle Slaughter under Federal Inspection

Friday (est)                           118,000

Week ago (est)                     127,000

Year ago (act)                       116,000

Week to Date                       622,000

Same Period Last Week     512,000

Same Period Last Year       587,000

Wednesday:

Steers & Heifers:     97,000

Cows & Bulls:           28,000

 

Boxed Beef:

Cutout Values:

Choice: 252.40… +0.06

Select:  226.65… -3.30

Choice/Select Spread: 25.75

Total Load Count: 139

 

Cutter Cow Cutout:

211.44… +1.56

 

CME Feeder Cattle Index for September 15th:

176.82… -1.69 / -0.95%

1 Year Change: +14.37%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.50… -0.12

December: 150.97… -0.35

February: 155.10… -0.27

 

Feeder Cattle:

September: 179.20… -0.15

October: 181.25… +0.33

November: 182.75… -0.02

 

October Hogs: 96.90… +0.85

October Crude Oil: 85.11… +0.01

 

December Corn: 6.7725… -0.0025

December Wheat: 8.5975… +0.1475

 

Grain Cash Bids:

Omaha Corn: 7.38… -0.04

Kansas City Wheat: 8.95…+0.09

 

Financial Markets:

DJIA: 30,821.50… -140.32

S & P 500: 3,873.44… -27.91

NASDAQ: 11,445.21… -107.15

U.S. Dollar Index: 109.67… -0.07