Sep 28 2022

Texas Daily Ag Market News Summary Posted 2 years 60 days ago by Administrator Account

Daily Market Summary for September 28th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trading has been slow on moderate demand. A few early live purchases have traded steady at 143.00 when compared to last week. In Nebraska and Western Cornbelt negotiated cash trading has been inactive on light demand. Not enough purchases in these regions for a market trend. 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:        9,208

Week Ago:         2,139

Year Ago:           2,481

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:         872.00

Weighted avg. net price:     230.51

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     128,000

Year ago (act)                       119,000

Week to Date                       253,000

Same Period Last Week     255,000

Same Period Last Year       238,000

Monday:

Steers & Heifers:      99,000

Cows & Bulls:            26,000

 

Boxed Beef:

Cutout Values:

Choice: 248.43… +0.59

Select:  221.24… -2.14

Choice/Select Spread: 27.22

Total Load Count: 171

 

Cutter Cow Cutout:

211.24… -0.53

 

CME Feeder Cattle Index for September 26th:

177.82 / -0.89%

1 Year Change: +14.86%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 143.57… +0.10

December: 146.90… -0.45

February: 150.85… -0.60

 

Feeder Cattle:

September: 175.70… -1.17

October: 176.12… -0.95

November: 176.27… -0.78

 

December Hogs: 76.25… -3.15

November Crude Oil: 78.50… +1.79

 

December Corn: 6.6750… +0.0125

December Wheat: 8.7150… +0.1350

 

Grain Cash Bids:

Omaha Corn: 7.21… +0.01

Kansas City Wheat: 9.03… +0.13

 

Financial Markets:

DJIA: 29,137.49… -123.32

S & P 500: 3,647.60… -7.44

NASDAQ: 10,833.65… +30.73

U.S. Dollar Index: 114.22… +0.12