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Sep
26
2022

Texas Daily Ag Market News Summary

Posted 61 days ago ago by Administrator Account

Daily Market Summary for September 26th

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 in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. 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 143.00. For prior week in Nebraska live and dressed purchases traded from 144.00-145.00 and from 228.00-232.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 145.00-148.00 and from 227.00-243.00, respectively.

Negotiated Sales:

Confirmed:        459

Week Ago:         348

Year Ago:           503

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,200

Weighted avg. weight:         887.00

Weighted avg. net price:     228.74

 

Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                     127,000

Year ago (act)                       119,000

Friday:

Steers & Heifers:      98,000

Cows & Bulls:            27,000

 

Boxed Beef:

Cutout Values:

Choice: 247.84… -0.79

Select:  223.35… +4.04

Choice/Select Spread: 24.49

Total Load Count: 110

 

Cutter Cow Cutout:

211.77… +1.71

 

CME Feeder Cattle Index for September 23rd:

178.71… -1.44 / -0.80%

1 Year Change: +15.39%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 143.47… -0.78

December: 147.35… -1.20

February: 151.45… -1.25

 

Feeder Cattle:

September: 176.87… -1.25

October: 177.07… -1.28

November: 177.05… -1.20

 

October Hogs: 90.37… -2.25

November Crude Oil: 76.71… -2.03

 

December Corn: 6.6625… -0.1050

December Wheat: 8.5800… -0.2250

 

Grain Cash Bids:

Omaha Corn: 7.42… -0.06

Kansas City Wheat: 8.90… -0.21

 

Financial Markets:

DJIA: 29,264.50… -325.91

S & P 500: 3,655.92… -37.71

NASDAQ: 10,814.58… -53.35

U.S. Dollar Index: 113.96… +0.77