Oct 05 2022

Texas Daily Ag Market News Summary Posted 2 years 53 days ago by Administrator Account

Daily Market Summary for October 5th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in the Texas Panhandle, Nebraska, and the Western Cornbelt. Not enough purchases in these regions for a market trend. Negotiated cash trading has been at a standstill in Kansas. 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:         5,201

Week Ago:       36,734

Year Ago:         40,133

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,800

Weighted avg. weight:         879.00

Weighted avg. net price:     232.78

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 128,000

Week ago (est)                     127,000

Year ago (act)                       121,000

Week to Date                       383,000

Same Period Last Week     380,000

Same Period Last Year       363,000

Tuesday:

Steers & Heifers:     100,000

Cows & Bulls:             28,000

 

Boxed Beef:

Cutout Values:

Choice: 247.06… -0.98

Select:  219.22… -2.69

Choice/Select Spread: 27.84

Total Load Count: 169

 

Cutter Cow Cutout:

206.31… -5.10

 

CME Feeder Cattle Index for October 4th:

175.58… -0.09 / -0.05%

1 Year Change: +14.85%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.67… +0.47

December: 147.92… +0.42

February: 151.75… +0.50

 

Feeder Cattle:

September: 176.55… +1.90

October: 177.32… +2.12

November: 178.07… +2.00

 

December Hogs: 76.50… +2.08

November Crude Oil: 87.76... +1.24

 

December Corn: 6.8400… +0.0100

December Wheat: 9.0200… -0.0100

 

Grain Cash Bids:

Omaha Corn: 7.04… +0.02

Kansas City Wheat: 9.50… +0.03

 

Financial Markets:

DJIA: 30,274.80… -41.52

S & P 500: 3,783.65… -7.28

NASDAQ: 11,148.64… -27.77

U.S. Dollar Index: 111.14… +1.07