Oct 28 2022

Texas Daily Ag Market News Summary Posted 2 years 30 days ago by Administrator Account

Daily Market Summary for October 28th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Complex Indexes...

10-Day Index Trendline

 

Change from Previous Day: +0.54%

Change from 10 Days Ago: +5.65%

    

 60-Day Index Trendline

 

Change from 60 Days Ago: +0.53%​

Change from 60 Day High: -0.37%

 

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.

Thursday Regional Auction Reports

Slaughter Cattle:

As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been slow on light demand. In both regions a few live and dressed purchases traded from 152.00-153.00 and at 240.00, respectively. However, not enough purchases in either region for a full market trend. In the Southern Plains negotiated cash trading has been at a standstill. Thursday was the last reported market in these regions. In the Southern Plains live purchases traded at 150.00. In Nebraska live and dressed purchases traded from 152.00-153.00 and at 240.00, respectively. In the Western Cornbelt live and dressed purchases traded from 151.00-153.00 and at 240.00, respectively.

Negotiated Sales:

Confirmed:     10,873

Week Ago:        1,069

Year Ago:         1,460

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,700

Weighted avg. weight:         866.00

Weighted avg. net price:     239.05

Cattle Slaughter under Federal Inspection

Friday (est)                           124,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Week to Date                       636,000

Same Period Last Week     631,000

Same Period Last Year       609,000

Thursday:

Steers & Heifers:          99,000

Cows & Bulls:                29,000

Boxed Beef:

Cutout Values:

Choice: 263.26… +0.77

Select:  234.69… +2.58

Choice/Select Spread: 28.77

Total Load Count: 93

Cutter Cow Cutout:

199.23… -1.06

CME Feeder Cattle Index for October 27th:

175.85… +1.07 / +0.61%

1 Year Change: +12.89%

52 Week Range: 152.31 to 183.16

Futures Settlements…

Live Cattle:

October: 150.37… -1.03

December: 153.00… -0.42

February: 156.32… -0.53

Feeder Cattle:

November: 177.87… -0.25

January: 180.37… -0.08

March: 182.57… +0.12

December Hogs: 86.10… +0.98

December Crude Oil: 87.90… -1.18

December Corn: 6.8075… -0.0150

December Wheat: 8.2925… -0.0925

Grain Cash Bids:

Omaha Corn: 7.07… Unchanged

Kansas City Wheat: 8.90… -0.07

Financial Markets:

DJIA: 32,861.34… +823.51

S & P 500: 3,901.01… +96.52

NASDAQ: 11,096.88.68… +312.07

U.S. Dollar Index: 110.69… +0.10

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.