Sep 26 2022

Texas Daily Ag Market News Summary Posted 2 years 62 days ago by Administrator Account

Daily Market Summary for September 26th

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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