Sep 29 2022

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

Daily Market Summary for September 29th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska and Western Cornbelt. Not enough purchases in any region for a full market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 143.00. In Nebraska live and dressed purchases traded from 144.00-145.00 and from 228.00-233.00, respectively. In the Western Cornbelt live and dressed purchases traded at 145.00 and at 228.00, respectively.

Negotiated Sales:

Confirmed:          7,176

Week Ago:         48,163

Year Ago:             9,894

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28.900

Weighted avg. weight:         887.00

Weighted avg. net price:     233.27

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      127,000

Week ago (est)                     127,000

Year ago (act)                       121,000

Week to Date                       507,000

Same Period Last Week     509,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:      98,000

Cows & Bulls:            29,000

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Boxed Beef:

Cutout Values:

Choice: 246.08… -1.47

Select:  219.78… +0.57

Choice/Select Spread: 26.30

Total Load Count: 150

 

Cutter Cow Cutout:

208.20… -0.28

 

CME Feeder Cattle Index for September 28th:

175.94… -1.52 / -0.86%

1 Year Change: +14.41%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.12… +1.07

December: 147.77… +1.50

February: 151.35… +1.18

 

Feeder Cattle:

September: 175.97… +0.60

October: 177.32… +2.32

November: 177.82… +2.55

 

December Hogs: 75.72… -0.10

November Crude Oil: 81.23… -0.92

 

December Corn: 6.6950… -0.0100

December Wheat: 8.9625… -0.0700

 

Grain Cash Bids:

Omaha Corn: 7.38… -0.04

Kansas City Wheat: 9.27… -0.09

 

Financial Markets:

DJIA: 29,227.59… -456.15

S & P 500: 3,641.21… -77.83

NASDAQ: 10,740.98… -310.66

U.S. Dollar Index: 112.10… -0.50