Oct 26 2022

Texas Daily Ag Market News Summary Posted 2 years 32 days ago by Administrator Account

Daily Market Summary for October 26th

Updated Monday thru Friday around 4:00 PM CT

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.02%

Change from 10 Days Ago: +5.79%

    

 60-Day Index Trendline

Change from 60 Days Ago: -2.50%​

Change from 60 Day High: -2.50%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Tuesday Regional Auction Reports

 

Slaughter Cattle:

As of 3:00 PM Wednesday, 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:         910

Week Ago:       3,690

Year Ago:       46,287

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,300

Weighted avg. weight:         880.00

Weighted avg. net price:     236.30

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 129,000

Week ago (est)                     127,000

Year ago (act)                       122,000

Week to Date                       384,000

Same Period Last Week     381,000

Same Period Last Year       366,000

Tuesday:

Steers & Heifers:         100,000

Cows & Bulls:                 29,000

 

Boxed Beef:

Cutout Values:

Choice: 260.86… -0.57

Select:  228.60… +1.25

Choice/Select Spread: 32.26

Total Load Count: 150

 

Cutter Cow Cutout:

199.05... -2.66

 

CME Feeder Cattle Index for October 25th:

174.96… +0.11 / +0.06%

1 Year Change: +12.13%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 151.45… -0.22

December: 153.57… +0.27

February: 157.02… +0.32

 

Feeder Cattle:

September: 176.42… -0.18

October: 178.82… +0.90

November: 181.25… +1.00

 

December Hogs: 88.50… +0.05

December Crude Oil: 87.91… +2.59

 

December Corn: 6.8500… -0.0125

December Wheat: 8.4050… +0.0575

 

Grain Cash Bids:

Omaha Corn: 7.10… +0.05

Kansas City Wheat: 9.06… +0.06

Financial Markets:

DJIA: 31,840.10… +2.90

S & P 500: 3,830.90… -28.88

NASDAQ: 10,964.09… -233.24

U.S. Dollar Index: 109.73… -1.22