Oct 24 2022

Texas Daily Ag Market News Summary Posted 2 years 34 days ago by Administrator Account

Daily Market Summary for October 24th

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 in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 148.00. For the prior week in Nebraska live and dressed purchases traded from 150.00- 152.00 and at 236.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded at 150.00 and from 232.00-236.00, respectively.

Negotiated Sales:

Confirmed:        249

Week Ago:         106

Year Ago:           274

Formula Net - Dressed Steers & Heifers:

Head count priced today:    44,200

Weighted avg. weight:         890.00

Weighted avg. net price:     233.75

 

Cattle Slaughter under Federal Inspection

Monday (est)                       126,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Friday:

Steers & Heifers:         94,000

Cows & Bulls:               28,000

 

Boxed Beef:

Cutout Values:

Choice: 257.92… +4.21

Select:  225.61… +1.25

Choice/Select Spread: 32.31

Total Load Count: 86

 

Cutter Cow Cutout:

201.09… -1.82

 

CME Feeder Cattle Index for October 21st:

173.62… +0.68 / +0.39%

1 Year Change: +11.37%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 151.60… +1.13

December: 154.12… +1.70

February: 156.97… +1.45

 

Feeder Cattle:

September: 175.67… +0.40

October: 179.15… +0.80

November: 181.95… +1.58

 

December Hogs: 87.92… -1.20

December Crude Oil: 84.58… -0.47

 

December Corn: 6.8150… -0.0275

December Wheat: 8.3875… -0.1200

 

Grain Cash Bids:

Omaha Corn: 7.02… -0.02

Kansas City Wheat: 9.03… -0.10

 

Financial Markets:

DJIA: 31,500.61… +417.59

S & P 500: 3,798.69… +45.55

NASDAQ: 10,955.05… +96.77

U.S. Dollar Index: 112.01… Unchanged