Oct 03 2022

Texas Daily Ag Market News Summary Posted 2 years 55 days ago by Administrator Account

Daily Market Summary for October 3rd

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 143.00. In Nebraska and the Western Cornbelt, live and dressed purchases traded at 145.00 and 228.00, respectively.

Negotiated Sales:

Confirmed:          672

Week Ago:           459

Year Ago:               12

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,00

Weighted avg. weight:         886.00

Weighted avg. net price:     229.75

 

Cattle Slaughter under Federal Inspection

Monday (est)                       127,000

Week ago (est)                     125,000

Year ago (act)                       120,000

Friday:

Steers & Heifers:      89,000

Cows & Bulls:            26,000

 

Boxed Beef:

Cutout Values:

Choice: 245.94… +2.19

Select:  221.31… +1.18

Choice/Select Spread: 24.63

Total Load Count: 116

 

Cutter Cow Cutout:

210.94… +0.94

 

CME Feeder Cattle Index for September 30th:

175.44… -0.02 / -0.01%

1 Year Change: +15.02%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.42… +1.05

December: 148.02… +0.97

February: 151.55… +0.90

 

Feeder Cattle:

September: 175.52… +1.35

October: 176.05… +1.43

November: 177.02… +1.35

 

December Hogs: 77.72… +1.50

November Crude Oil: 83.63… +4.14

 

December Corn: 6.8075… +0.0325

December Wheat: 9.1200… -0.0950

 

Grain Cash Bids:

Omaha Corn: 7.05… -0.05

Kansas City Wheat: 9.49… -0.03

 

Financial Markets:

DJIA: 29,490.03… +764.52

S & P 500: 3,678.46… +92.84

NASDAQ: 10,813.55… +237.93

U.S. Dollar Index: 111.70… -0.42