Oct 17 2022

Texas Daily Ag Market News Summary Posted 2 years 41 days ago by Administrator Account

Daily Market Summary for October 17th

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 Monday, negotiated cash trading has been at a standstill in the Southern Plains, Nebraska and Western Cornbelt. Last week in the Southern Plains live purchases traded at 145.00. For the prior week in Nebraska live and dressed purchases traded at 148.00 and at 232.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded at 148.00 and from 230.00-232.00, respectively.

Negotiated Sales:

Confirmed:        106

Week Ago:         307

Year Ago:           227

Formula Net - Dressed Steers & Heifers:

Head count priced today:   49,300

Weighted avg. weight:         890.00

Weighted avg. net price:     232.25

 

Cattle Slaughter under Federal Inspection

Monday (est)                       126,000

Week ago (est)                     128,000

Year ago (act)                       118,000

Saturday:

Steers & Heifers:       85,000

Cows & Bulls:             27,000

 

Boxed Beef:

Cutout Values:

Choice: 248.14... +1.16

Select:  219.61... +2.67

Choice/Select Spread: 28.53

Total Load Count: 113

 

Cutter Cow Cutout:

205.14… -0.08

 

CME Feeder Cattle Index for October 14th:

173.08… -1.03 / -0.59%

1 Year Change: +12.46%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 147.87… +0.92

December: 149.20… +1.43

February: 152.20… +1.10

 

Feeder Cattle:

September: 174.75… +0.95

October: 176.40… +1.63

November: 177.25… +2.15

 

December Hogs: 84.95… +2.70

November Crude Oil: 85.46… -0.15

 

December Corn: 6.8350… -0.0625

December Wheat: 8.6100… +0.0125

 

Grain Cash Bids:

Omaha Corn: 6.99… -0.05

Kansas City Wheat: 9.18… +0.01

 

Financial Markets:

DJIA: 30,188.79… +545.15

S & P 500: 3,678.57… +94.56

NASDAQ: 10,663.99… +342.60

U.S. Dollar Index: 113.24