Sep 20 2022

Texas Daily Ag Market News Summary Posted 2 years 68 days ago by Administrator Account

Daily Market Summary for September 20th

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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been limited 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:          2,139

Week Ago:              888

Year Ago:             1,765

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         883.00

Weighted avg. net price:     227.86

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     128,000

Year ago (act)                       122,000

Week to Date                       255,000

Same Period Last Week     253,000

Same Period Last Year       241,000

Monday:

Steers & Heifers:     101,000

Cows & Bulls:             26,000

 

Boxed Beef:

Cutout Values:

Choice: 251.64… -0.81

Select:  227.23… +1.34

Choice/Select Spread: 24.41

Total Load Count: 145

 

Cutter Cow Cutout:

211.86… -0.03

 

CME Feeder Cattle Index for September 19th:

178.20… +0.28 / +0.16%

1 Year Change: +15.89%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 146.30… +0.58

December: 151.07… +0.17

February: 155.20… -0.05

 

Feeder Cattle:

September: 178.80… -1.15

October: 182.02… -2.28

November: 181.27… -2.25

 

October Hogs: 95.97… -0.50

October Crude Oil: 84.45… -1.28

 

December Corn: 6.9200… +0.1375

December Wheat: 8.9375… +0.6325

 

Grain Cash Bids:

Omaha Corn: 7.38… +0.16

Kansas City Wheat: 9.23… +0.53

 

Financial Markets:

DJIA: 30,674.10… -345.58

S & P 500: 3,857.13… -42.76

NASDAQ: 11,416.85… -118.17

U.S. Dollar Index: 110.16… +0.42