Oct 06 2022

Texas Daily Ag Market News Summary Posted 2 years 52 days ago by Administrator Account

Daily Market Summary for October 6th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading in the Southern Plains has been light to moderate on moderate demand. In the Texas Panhandle, live purchases have traded 1.00 higher at 144.00 compared to the last reported market on Wednesday. In Kansas, live purchases traded 1.00 higher compared to last week at 144.00. Negotiated cash trading in Nebraska has been slow on light to moderate demand with live purchases steady to 1.00 higher from 146.00-147.00 compared to the last reported market on Wednesday. Not enough dressed purchases for a full market trend. The last reported dressed market was on Wednesday with purchases at 230.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. The last reported dressed market in the Western Cornbelt was on Wednesday at 230.00, and the last reported live market was last week with purchases at 145.00.

Negotiated Sales:

Confirmed:      28,269

Week Ago:         7,176

Year Ago:           3,532

Formula Net - Dressed Steers & Heifers:

Head count priced today:    27,400

Weighted avg. weight:         862.00

Weighted avg. net price:     232.81

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      127,000

Week ago (est)                     127,000

Year ago (act)                       121,000

Week to Date                       510,000

Same Period Last Week     507,000

Same Period Last Year       484,000

Wednesday:

Steers & Heifers:       99,000

Cows & Bulls:            29,000

 

Boxed Beef:

Cutout Values:

Choice: 247.36… +0.30

Select:  216.99… -2.23

Choice/Select Spread: 30.37

Total Load Count: 208

 

Cutter Cow Cutout:

206.22… -0.09

 

CME Feeder Cattle Index for October 5th:

175.69… +0.11 / +0.06%

1 Year Change: +14.23%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.32… +0.62

December: 147.87… -0.05

February: 151.62… -0.13

 

Feeder Cattle:

September: 175.72… -0.83

October: 176.42… -0.90

November: 177.85… -0.22

 

December Hogs: 77.77… +1.27

November Crude Oil: 88.45… +0.69

 

December Corn: 6.7550… -0.0850

December Wheat: 8.7900… -0.2300

 

Grain Cash Bids:

Omaha Corn: 6.96… -0.08

Kansas City Wheat: 9.25… -0.25

 

Financial Markets:

DJIA: 29,926.47… -347.40

S & P 500: 3,744.40… -28.88

NASDAQ: 11,073.31… -75.33

U.S. Dollar Index: 112.22… +1.15