Sep 23 2022

Texas Daily Ag Market News Summary Posted 2 years 65 days ago by Administrator Account

Daily Market Summary for September 23rd

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 Friday in the Western Cornbelt, negotiated cash trading has been slow on light to moderate demand. Compared to the last reported market on Thursday live purchases traded steady to 4.00 higher at 148.00. Not enough dressed purchases for a market trend. Thursday saw dressed purchases from 228.00-234.00. In Nebraska negotiated cash trading has been limited on light demand. A few live purchases traded steady at 144.00 when compared to the last reported market on Thursday. Not enough dressed purchases for a market trend. Thursday saw dressed purchases from 228.00-232.00. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Thursday was the last reported market with live purchases traded at 143.00.

Negotiated Sales:

Confirmed:        9,483

Week Ago:       12,305

Year Ago:           1,653

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,400

Weighted avg. weight:         864.00

Weighted avg. net price:     228.51

 

Cattle Slaughter under Federal Inspection

Friday (est)                           125,000

Week ago (est)                     118,000

Year ago (act)                       111,000

Week to Date                       634,000

Same Period Last Week     622,000

Same Period Last Year       588,000

Thursday:

Steers & Heifers:      98,000

Cows & Bulls:            29,000

 

Boxed Beef:

Cutout Values:

Choice: 248.63… +0.23

Select:  219.31… -2.80

Choice/Select Spread: 29.32

Total Load Count: 100

 

Cutter Cow Cutout:

210.06… -0.85

 

CME Feeder Cattle Index for September 22nd:

180.15… +0.40 / +0.22%

1 Year Change: +16.95%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.25… -0.60

December: 148.55… -0.80

February: 152.70… -1.07

 

Feeder Cattle:

September: 178.12… -0.08

October: 178.35… +0.38

November: 178.25… +0.20

 

October Hogs: 92.62… -1.50

November Crude Oil: 78.74… -4.75

 

December Corn: 6.7675… -0.1150

December Wheat: 8.8050… -0.3025

 

Grain Cash Bids:

Omaha Corn: 7.16… -0.11

Kansas City Wheat: 9.11… -0.29

 

Financial Markets:

DJIA: 29,592.85… -483.83

S & P 500: 3,693.49… -64.50

NASDAQ: 10,867.93… -198.88

U.S. Dollar Index: 112.99… +1.64