Sep 19 2022

Texas Daily Ag Market News Summary Posted 2 years 69 days ago by Administrator Account

Daily Market Summary for September 19th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. 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 142.00. For the prior week in Nebraska live and dressed purchases traded at 143.00 and from 226.00-227.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 143.00-145.00 and at 226.00, respectively.

Negotiated Sales:

Confirmed:          348

Week Ago:           117

Year Ago:            None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,800

Weighted avg. weight:         868.00

Weighted avg. net price:     225.60

 

Cattle Slaughter under Federal Inspection

Monday (est)                        127,000

Week ago (est)                     125,000

Year ago (act)                       119,000

Thursday:

Steers & Heifers:     91,000

Cows & Bulls:           27,000

 

Boxed Beef:

Cutout Values:

Choice: 252.45… +0.05

Select:  225.89… -0.76

Choice/Select Spread: 26.56

Total Load Count: 137

 

Cutter Cow Cutout:

211.89… +0.45

 

CME Feeder Cattle Index for September 16th:

177.92… +1.10 / +0.62%

1 Year Change: +15.72%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.72… +0.22

December: 150.90… -0.07

February: 155.25… +0.15

 

Feeder Cattle:

September: 179.95… +0.75

October: 182.30… +1.05

November: 183.52… +0.77

 

October Hogs: 96.47… -0.43

October Crude Oil: 85.73… +0.62

 

December Corn: 6.7825… +0.0100

December Wheat: 8.3050… -0.2925

 

Grain Cash Bids:

Omaha Corn: 7.12… -0.26

Kansas City Wheat: 8.70… -0.25

 

Financial Markets:

DJIA: 31,019.82… +197.40

S & P 500: 3,900.13… +26.80

NASDAQ: 11,535.16… +86.76

U.S. Dollar Index: 109.62… -0.14