Sep 30 2022

Texas Daily Ag Market News Summary Posted 2 years 58 days ago by Administrator Account

Daily Market Summary for September 30th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in the Western Cornbelt has been limited on light demand. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive. Not enough purchases in any price range 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:          4,755

Week Ago:           9,483

Year Ago:             6,452

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,900

Weighted avg. weight:         872.00

Weighted avg. net price:     232.62

 

Cattle Slaughter under Federal Inspection

Friday (est)                           115,000

Week ago (est)                     125,000

Year ago (act)                       109,000

Week to Date                       622,000

Same Period Last Week     634,000

Same Period Last Year       586,000

Thursday:

Steers & Heifers:      98,000

Cows & Bulls:            29,000

 

Boxed Beef:

Cutout Values:

Choice: 243.75… -2.33

Select:  220.13… +0.35

Choice/Select Spread: 23.61

Total Load Count: 74

 

Cutter Cow Cutout:

210.00… +1.80

 

CME Feeder Cattle Index for September 29th:

175.46… -0.48 / -0.27%

1 Year Change: +14.14%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 143.27… -0.85

December: 147.05… -0.72

February: 150.65… -0.70

 

Feeder Cattle:

September: 174.17… -3.15

October: 174.62… -3.20

November: 175.67… -2.75

 

December Hogs: 76.22… +0.50

November Crude Oil: 79.49… -1.74

 

December Corn: 6.6950

December Wheat: 8.9625

 

Grain Cash Bids:

Omaha Corn: 7.38

Kansas City Wheat: 9.27

 

Financial Markets:

DJIA: 28,730.12… -495.49

S & P 500: 3,586.47… -54.00

NASDAQ: 10,575.62… -161.29

U.S. Dollar Index: 112.20… -0.05