Oct 10 2022

Texas Daily Ag Market News Summary Posted 2 years 48 days ago by Administrator Account

Daily Market Summary for October 10th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 144.00. For the prior week in Nebraska live and dressed purchases traded from 145.00-148.00 and at 230.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-149.00 and at 230.00, respectively.

Negotiated Sales:

Confirmed:          307

Week Ago:           672

Year Ago:             256

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,800

Weighted avg. weight:         860.00

Weighted avg. net price:     230.37

 

Cattle Slaughter under Federal Inspection

Monday (est)                       128,000

Week ago (est)                     127,000

Year ago (act)                       118,000

Friday:

Steers & Heifers:       90,000

Cows & Bulls:             28,000

 

Boxed Beef:

Cutout Values:

Choice: 244.63… -1.44

Select:  213.82… -2.31

Choice/Select Spread: 30.81

Total Load Count: 150

 

Cutter Cow Cutout:

206.39… -1.70

 

CME Feeder Cattle Index for October 7th:

174.61… -0.31 / -0.18%

1 Year Change: +13.66%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.70… -0.62

December: 147.00… -1.05

February: 150.75… -1.00

 

Feeder Cattle:

September: 172.10… -2.62

October: 175.87… -2.75

November: 174.27… -2.33

 

December Hogs: 79.60… +2.45

November Crude Oil: 91.13… -1.51

 

December Corn: 6.9825… +0.1500

December Wheat: 9.3800… +0.5775

 

Grain Cash Bids:

Omaha Corn: 7.28… +0.15

Kansas City Wheat: 9.84… +0.55

 

Financial Markets:

DJIA: 29,202.94… -94.31

S & P 500: 3,612.44… -27.40

NASDAQ: 10,539.26… -113.14

U.S. Dollar Index: 113.11… -0.31