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Sep
19
2022

Texas Daily Ag Market News Summary

Posted 68 days ago ago by Administrator Account

Daily Market Summary for September 19th

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 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