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Sep
22
2022

Texas Daily Ag Market News Summary

Posted 65 days ago ago by Administrator Account

Daily Market Summary for September 22nd

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 Thursday in the Texas Panhandle, negotiated cash trading and demand have been moderate. In Kansas negotiated cash trading has been slow on moderate demand. Compared to last week in the Southern Plains live purchases traded 1.00 higher at 143.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week dressed purchases traded 2.00-5.00 higher from 228.00-232.00. Not enough live purchases for a market trend. Last week live purchases traded at 143.00. In the Western Cornbelt negotiated cash trading has been moderate with moderate to good demand. Compared to last week live purchases traded steady to 1.00 higher from 144.00-145.00 and dressed purchases, on a light test, traded 2.00 higher at 228.00.

Negotiated Sales:

Confirmed:        48,163

Week Ago:         20,831

Year Ago:              8,431

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,100

Weighted avg. weight:         864.00

Weighted avg. net price:     230.60

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     127,000

Week ago (est)                     125,000

Year ago (act)                       116,000

Week to Date                       509,000

Same Period Last Week     504,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:      98,000

Cows & Bulls:            29,000

 

Boxed Beef:

Cutout Values:

Choice: 248.40… -0.73

Select:  222.11… -4.03

Choice/Select Spread: 26.29

Total Load Count: 186

 

Cutter Cow Cutout:

210.91… -1.83

 

CME Feeder Cattle Index for September 21st:

179.75… +1.65 / +0.93%

1 Year Change: +16.35%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.85… -1.02

December: 149.35… -1.40

February: 153.77… -1.13

 

Feeder Cattle:

September: 178.20… +0.03

October: 177.97… -1.25

November: 178.05… -2.27

 

October Hogs: 94.12… -0.30

November Crude Oil: 83.49… +0.55

 

December Corn: 6.8825… +0.0275

December Wheat: 9.1075… +0.0700

 

Grain Cash Bids:

Omaha Corn: 7.27… +0.02

Kansas City Wheat: 9.40… +0.13

 

Financial Markets:

DJIA: 30,076.09… -107.69

S & P 500: 3,757.32… -32.61

NASDAQ: 11,064.02… -156.17

U.S. Dollar Index: 111.22… +0.58