Oct 20 2022

Texas Daily Ag Market News Summary Posted 2 years 39 days ago by Administrator Account

Daily Market Summary for October 20th

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, Thursday in the Southern Plains negotiated cash trading was moderate on light to moderate demand. Compared to last week live purchases traded 3.00 higher at 148.00. In Nebraska negotiated cash trading and demand were moderate. Compared to last week live purchases ranged from 150.00-152.00, with the bulk 4.00 higher at 152.00, and dressed purchases traded 4.00 higher at 236.00. In the Western Cornbelt negotiated cash trading was slow with light demand. A few live purchases traded at 150.00 and a few dressed purchases traded at 236.00. Not enough live or dressed purchases for a full market trend. Wednesday was the reported live purchase market at 150.00 and last week dressed purchases traded from 230.00-232.00.

Negotiated Sales:

Confirmed:      49,499

Week Ago:       21,711

Year Ago:           6,616

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,800

Weighted avg. weight:         899.00

Weighted avg. net price:     236.84

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     128,000

Week ago (est)                     127,000

Year ago (act)                       122,000

Week to Date                       509,000

Same Period Last Week     511,000

Same Period Last Year       484,000

Wednesday:

Steers & Heifers:         97,000

Cows & Bulls:               30,000

 

Boxed Beef:

Cutout Values:

Choice: 253.62… +0.23

Select:  222.08… -0.11

Choice/Select Spread: 31.54

Total Load Count: 178

 

Cutter Cow Cutout:

200.61… +0.07

 

CME Feeder Cattle Index for October 19th:

172.77… +0.74 / +0.43%

1 Year Change: +11.39%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 149.77… +0.42

December: 151.67… +0.32

February: 154.85… +0.60

 

Feeder Cattle:

September: 175.57… +0.35

October: 177.55… -0.52

November: 179.25… -0.82

 

December Hogs: 87.02… -0.35

November Crude Oil: 85.98… +0.43

 

December Corn: 6.8400… +0.0575

December Wheat: 8.4925… -0.0800

 

Grain Cash Bids:

Omaha Corn: 7.04… +0.08

Kansas City Wheat: 9.15… +0.08

 

Financial Markets:

DJIA: 30,332.80… -92.46

S & P 500: 3,665.21… -30.68

NASDAQ: 10,620.13… -62.83

U.S. Dollar Index: 112.94… -0.04