Sep 21 2022

Texas Daily Ag Market News Summary Posted 2 years 67 days ago by Administrator Account

Daily Market Summary for September 21st

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 Wednesday, negotiated cash trading has been limited on light demand in Nebraska and Western Cornbelt. In both regions a few live purchases traded at 145.00. However, not enough live or dressed purchases for a market trend. 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. In the Southern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 142.00.

Negotiated Sales:

Confirmed:          4,488

Week Ago:         10,768

Year Ago:            28,495

Formula Net - Dressed Steers & Heifers:

Head count priced today:   13,000

Weighted avg. weight:         869.00

Weighted avg. net price:     226.78

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 127,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       382,000

Same Period Last Week     379,000

Same Period Last Year       361,000

Tuesday:

Steers & Heifers:     100,000

Cows & Bulls:             28,000

 

Boxed Beef:

Cutout Values:

Choice: 249.13… -2.51

Select:  226.14… -1.09

Choice/Select Spread: 22.99

Total Load Count: 197

 

Cutter Cow Cutout:

212.74… +0.88

 

CME Feeder Cattle Index for September 20th:

178.10… -0.10 / -0.06%

1 Year Change: +15.97%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.87… -0.43

December: 150.75… -0.32

February: 154.90… -0.30

 

Feeder Cattle:

September: 178.17… -0.63

October: 179.22… -0.80

November: 180.32… -0.95

 

October Hogs: 94.42… -1.55

November Crude Oil: 82.94… -1.00

 

December Corn: 6.8550… -0.0650

December Wheat: 9.0375… +0.1000

 

Grain Cash Bids:

Omaha Corn: 7.50… -0.02

Kansas City Wheat: 9.27… +0.04

 

Financial Markets:

DJIA: 30,183.71… -522.52

S & P 500: 3,789.82… -66.11

NASDAQ: 11,220.19… -204.86

U.S. Dollar Index: 111.24… +1.02