Oct 31 2022

Texas Daily Ag Market News Summary Posted 2 years 27 days ago by Administrator Account

Daily Market Summary for October 31st

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 with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 150.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 152.00-153.00 and at 240.00, respectively.

Negotiated Sales:

Confirmed:          148

Week Ago:           249

Year Ago:             145

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,200

Weighted avg. weight:         885.00

Weighted avg. net price:     238.55

 

Cattle Slaughter under Federal Inspection

Monday (est)                        128,000

Week ago (est)                     126,000

Year ago (act)                       121,000

Friday:

Steers & Heifers:          96,000

Cows & Bulls:                28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.65… +0.39

Select:  234.46… -0.03

Choice/Select Spread: 29.19

Total Load Count: 96

 

Cutter Cow Cutout:

198.60… -0.63

 

CME Feeder Cattle Index for October 28th:

177.48… +1.63 / +0.93%

1 Year Change: +12.89%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 146.77… -3.60

December: 152.47… -0.53

February: 155.82… -0.50

 

Feeder Cattle:

November: 177.62… -0.25

January: 179.45… -0.92

March: 181.57… -1.00

 

December Hogs: 84.92… -1.18

December Crude Oil: 86.53… -1.37

 

December Corn: 6.9150… +0.1075

December Wheat: 8.8225… +0.5300

 

Grain Cash Bids:

Omaha Corn: 7.21… +0.11

Kansas City Wheat: 9.44… +0.54

 

Financial Markets:

DJIA: 32,734.40… -126.94

S & P 500: 3,872.51… -28.50

NASDAQ: 11,998.87… -113.87

U.S. Dollar Index: 111.62… -0.87