Oct 14 2022

Texas Daily Ag Market News Summary Posted 2 years 44 days ago by Administrator Account

Daily Market Summary for October 14th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. The last reported in these regions was on Thursday with live and dressed purchases at 148.00 and at 232.00, respectively. In the Southern Plains negotiated cash trading has been at a standstill. The last reported market was on Thursday with live purchases at 145.00.

Negotiated Sales:

Confirmed:        9,879

Week Ago:         5,927

Year Ago:           1,585

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:         852.00

Weighted avg. net price:     233.07

 

Cattle Slaughter under Federal Inspection

Friday (est)                           112,000

Week ago (est)                     118,000

Year ago (act)                       107,000

Week to Date                       623,000

Same Period Last Week     628,000

Same Period Last Year       584,000

Saturday:

Steers & Heifers:       98,000

Cows & Bulls:             29,000

 

Boxed Beef:

Cutout Values:

Choice: 246.98… +0.45

Select:  216.94… +1.08

Choice/Select Spread: 30.04

Total Load Count: 104

 

Cutter Cow Cutout:

205.22… +2.80

 

CME Feeder Cattle Index for October 13th:

174.11… +0.08 / +0.05%

1 Year Change: +13.54%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 146.95… +0.50

December: 147.77… -0.15

February: 151.10… -0.60

 

Feeder Cattle:

September: 173.80… -0.95

October: 174.77… -1.33

November: 175.10… -1.20

 

December Hogs: 802.25… +1.65

November Crude Oil: 85.61… -3.50

 

December Corn: 6.8975… -0.0800

December Wheat: 8.5975… -0.3250

 

Grain Cash Bids:

Omaha Corn: 7.04… -0.09

Kansas City Wheat: 9.17… -0.30

 

Financial Markets:

DJIA: 29,643.64… -394.42

S & P 500: 3,584.01… -85.85

NASDAQ: 10,321.39… -325.21

U.S. Dollar Index: 113.24… +0.88