Oct 25 2022

Texas Daily Ag Market News Summary Posted 2 years 33 days ago by Administrator Account

Daily Market Summary for October 25th

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 Tuesday, 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:         208

Week Ago:       1,513

Year Ago:         9,203

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         878.00

Weighted avg. net price:     234.48

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       129,000

Week ago (est)                     128,000

Year ago (act)                       124,000

Week to Date                       255,000

Same Period Last Week     255,000

Same Period Last Year       244,000

Monday:

Steers & Heifers:         100,000

Cows & Bulls:                 26,000

 

Boxed Beef:

Cutout Values:

Choice: 261.43… +3.51

Select:  227.35… +1.74

Choice/Select Spread: 34.0

Total Load Count: 149

 

Cutter Cow Cutout:

201.71… 0.62

 

CME Feeder Cattle Index for October 24th:

174.85… +1.23 / +0.71%

1 Year Change: +12.44%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 151.67… +0.07

December: 153.30… -0.82

February: 156.70… -0.27

 

Feeder Cattle:

September: 176.60… +0.93

October: 177.92… -1.23

November: 180.25… -1.70

 

December Hogs: 88.45… +0.53

December Crude Oil: 85.32… +0.74

 

December Corn: 6.8625… +0.0475

December Wheat: 8.3475… -0.0400

 

Grain Cash Bids:

Omaha Corn: 7.05… +0.03

Kansas City Wheat: 9.00… -0.03

 

Financial Markets:

DJIA: 31,837.20… +336.59

S & P 500: 3,859.78… +61.09

NASDAQ: 11,197.33… +242.28

U.S. Dollar Index: 110.89… -1.10