Oct 21 2022

Texas Daily Ag Market News Summary Posted 2 years 37 days ago by Administrator Account

Daily Market Summary for October 21st

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, negotiated cash trading has been mostly inactive on very light demand in the Southern Plains, Nebraska and Western Cornbelt. Not enough purchases in any region for a market trend. Thursday was the last reported market in these regions. In the Southern Plains live purchases traded at 148.00. In Nebraska live and dressed purchases traded from 151.00-152.00 and at 236.00, respectively. In the Western Cornbelt live and dressed purchases traded from 150.00-152.00 and at 236.00, respectively.

Negotiated Sales:

Confirmed:       1,609

Week Ago:        9,879

Year Ago:          1,298

Formula Net - Dressed Steers & Heifers:

Head count priced today:  25,300

Weighted avg. weight:        863.00

Weighted avg. net price:    237.35

 

Cattle Slaughter under Federal Inspection

Friday (est)                          122,000

Week ago (est)                    112,000

Year ago (act)                      112,000

Week to Date                      631,000

Same Period Last Week    623,000

Same Period Last Year      596,000

Thursday:

Steers & Heifers:        99,000

Cows & Bulls:              29,000

 

Boxed Beef:

Cutout Values:

Choice: 253.71… +.09

Select: 224.36… +2.28

Choice/Select Spread: 29.35

Total Load Count: 94

 

Cutter Cow Cutout:

202.91… +2.30

 

CME Feeder Cattle Index for October 20th:

172.94… +0.17 / +0.10%

1 Year Change: +11.50%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 150.47… +0.70

December: 152.42… +0.75

February: 155.52… 0.67

 

Feeder Cattle:

September: 175.27… -0.30

October: 178.35… +0.80

November: 180.37… +1.12

 

December Hogs: 89.12… +2.10

December Crude Oil: 85.05… +0.54

 

December Corn: 6.8425… +0.0025

December Wheat: 8.5075… +0.0150

 

Grain Cash Bids:

Omaha Corn: 7.04… Unchanged

Kansas City Wheat: 9.13… -0.02

 

Financial Markets:

DJIA: 31,083.02… +750.22

S & P 500: 3,753.14… +87.93

NASDAQ: 10,858.28… +238.15

U.S. Dollar Index: 111.83… -1.05