Oct 07 2022

Texas Daily Ag Market News Summary Posted 2 years 51 days ago by Administrator Account

Daily Market Summary for October 7th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases in any region for a market trend. The last reported market trend in any region was on Thursday. In the Southern Plains live purchases traded at 144.00. In Nebraska live and dressed purchases traded from 146.00-148.00 and at 230.00, respectively. In the Western Cornbelt, live and dressed purchases traded from 146.00-148.00 and at 230.00, respectively.

Negotiated Sales:

Confirmed:        5,927

Week Ago:         7,176

Year Ago:           2,962

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,600

Weighted avg. weight:         870.00

Weighted avg. net price:     230.90

 

Cattle Slaughter under Federal Inspection

Friday (est)                           118,000

Week ago (est)                     115,000

Year ago (act)                       114,000

Week to Date                       628,000

Same Period Last Week     622,000

Same Period Last Year       598,000

Thursday:

Steers & Heifers:       98,000

Cows & Bulls:             29,000

 

Boxed Beef:

Cutout Values:

Choice: 246.07… -1.29

Select:  216.13… -0.86

Choice/Select Spread: 29.94

Total Load Count: 133

 

Cutter Cow Cutout:

208.09… +1.87

 

CME Feeder Cattle Index for October 6th:

174.92… -0.77 / -0.44%

1 Year Change: +13.17%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.32… Unchanged

December: 148.05… +0.18

February: 151.75… +0.13

 

Feeder Cattle:

September: 174.72… -1.00

October: 175.62… -0.80

November: 176.60… -1.25

 

December Hogs: 77.15… -0.62

November Crude Oil: 92.64… +4.19

 

December Corn: 6.8325… +0.0775

December Wheat: 8.8025… -0.0125

 

Grain Cash Bids:

Omaha Corn: 7.13… +0.09

Kansas City Wheat: 9.29… +0.04

 

Financial Markets:

DJIA: 29,297.25… -629.22

S & P 500: 3,639.84… -104.56

NASDAQ: 10,652.40… -420.91

U.S. Dollar Index: 112.81… -0.55