Oct 27 2022

Texas Daily Ag Market News Summary Posted 2 years 31 days ago by Administrator Account

Daily Market Summary for October 27th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Complex Indexes...

10-Day Index Trendline

 

Change from Previous Day: +0.40%

Change from 10 Days Ago: +6.05%

    

 60-Day Index Trendline

 

Change from 60 Days Ago: -0.95%​

Change from 60 Day High: -0.95%

 

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.

Wednesday Regional Auction Reports

 

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. Compared to last week in the Southern Plains live purchases traded 2.00 higher at 150.00, on a light test. In Nebraska a few live and dressed purchases traded at 152.00 and at 240.00, respectively. In the Western Cornbelt a few live and dressed purchases traded from 151.00-152.00 and at 240.00, respectively. However, not enough purchases in either of these regions for a full market trend. 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:     26,564

Week Ago:      49,499

Year Ago:          4,381

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,900

Weighted avg. weight:         906.00

Weighted avg. net price:     240.44

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     128,000

Week ago (est)                     128,000

Year ago (act)                       123,000

Week to Date                       512,000

Same Period Last Week     509,000

Same Period Last Year       489,000

Wednesday:

Steers & Heifers:          99,000

Cows & Bulls:                30,000

 

Boxed Beef:

Cutout Values:

Choice: 262.49… +1.63

Select:  231.91… +3.31

Choice/Select Spread: 30.58

Total Load Count: 129

 

Cutter Cow Cutout:

200.29… +1.24

 

CME Feeder Cattle Index for October 26th:

174.78… -0.18 / -0.10%

1 Year Change: +12.79%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 151.40… -0.05

December: 153.42… -0.15

February: 156.85… -0.17

 

Feeder Cattle:

September: 175.97… -0.45

October: 178.12… -0.70

November: 180.45… -0.80

 

December Hogs: 85.12… -3.38

December Crude Oil: 89.08… +1.17

 

December Corn: 6.8225… -0.0275

December Wheat: 8.3850… -0.0200

 

Grain Cash Bids:

Omaha Corn: 7.07… -0.03

Kansas City Wheat: 8.97… -0.09

 

Financial Markets:

DJIA: 32,037.83… +197.73

S & P 500: 3,804.49… -26.41

NASDAQ: 10,784.61… -179.48

U.S. Dollar Index: 110.53… -0.83

Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.