Oct 13 2022

Texas Daily Ag Market News Summary Posted 2 years 45 days ago by Administrator Account

Daily Market Summary for October 13th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been limited on light demand. Compared to the last reported market on Wednesday live purchases traded steady at 145.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Nebraska compared to last week live purchases traded steady to 2.00 higher from 147.00-148.00 and dressed purchases traded 2.00 higher at 232.00. In the Western Cornbelt compared to last week live purchases traded unevenly steady at 148.00 and dressed purchases traded 2.00 higher at 232.00.

Negotiated Sales:

Confirmed:        27,711

Week Ago:         28,269

Year Ago:           11,078

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,300

Weighted avg. weight:         899.00

Weighted avg. net price:     236.17

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      127,000

Week ago (est)                     127,000

Year ago (act)                       121,000

Week to Date                       511,000

Same Period Last Week     510,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:       99,000

Cows & Bulls:             29,000

 

Boxed Beef:

Cutout Values:

Choice: 246.53… -0.13

Select:  215.86… +1.60

Choice/Select Spread: 30.67

Total Load Count: 196

 

Cutter Cow Cutout:

202.42… -1.44

 

CME Feeder Cattle Index for October 12th:

174.03… -1.01 / -0.58%

1 Year Change: +13.00%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 146.45… +0.28

December: 147.92… -0.53

February: 151.70… -0.42

 

Feeder Cattle:

September: 174.75… -0.75

October: 176.10… -0.57

November: 176.30… -0.60

 

December Hogs: 80.60… -0.10

November Crude Oil: 89.11… +1.84

 

December Corn: 6.9775… +0.0475

December Wheat: 8.9225… +0.1000

 

Grain Cash Bids:

Omaha Corn: 7.13… +0.05

Kansas City Wheat: 9.47… +0.12

 

Financial Markets:

DJIA: 30,038.06… +827.54

S & P 500: 3,669.86… +92.98

NASDAQ: 10,646.60… +231.83

U.S. Dollar Index: 112.48… -0.84