Oct 04 2022

Texas Daily Ag Market News Summary Posted 2 years 54 days ago by Administrator Account

Daily Market Summary for October 4th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on very light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other 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:          652

Week Ago:        9,208

Year Ago:           2,995

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,700

Weighted avg. weight:         885.00

Weighted avg. net price:     231.77

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     128,000

Year ago (act)                       122,000

Week to Date                       255,000

Same Period Last Week     253,000

Same Period Last Year       242,000

Monday:

Steers & Heifers:     101,000

Cows & Bulls:             26,000

 

Boxed Beef:

Cutout Values:

Choice: 248.04… +2.10

Select:  221.31… +0.60

Choice/Select Spread: 26.13

Total Load Count: 99

 

Cutter Cow Cutout:

211.41… +0.47

 

CME Feeder Cattle Index for October 1st:

175.67… +0.23 / +0.13%

1 Year Change: +14.97%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.20… -0.12

December: 147.50… -0.52

February: 151.25… -0.30

 

Feeder Cattle:

September: 174.65… -0.87

October: 175.20… -0.85

November: 176.07… -0.95

 

December Hogs: 74.42… -3.30

November Crude Oil: 86.52… +2.89

 

December Corn: 6.8300… +0.0225

December Wheat: 9.0300… -0.0900

 

Grain Cash Bids:

Omaha Corn: 7.02… -0.03

Kansas City Wheat: 9.47… -0.02

 

Financial Markets:

DJIA: 30,316.98… +826.09

S & P 500: 3,791.05… +112.62

NASDAQ: 10,815.44… +352.81

U.S. Dollar Index: 111.15… -1.60