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Sep
05
2023

Texas Daily Ag Market News Summary

Posted 181 days ago by Administrator Account

Daily Market Summary for September 5th

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!


Fed Cattle

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash has been limited on very light demand. However not enough trade for a market test. In all regions the latest established market was last week. In the Texas Panhandle live FOB purchases traded at 179.00. In Kansas live FOB traded from 178.00-179.00. In Nebraska with live FOB purchases traded at 182.00 and dressed delivered purchases traded from 290.00-292.00. In the Western Cornbelt live FOB purchases traded from 183.00-185.00 and dressed delivered purchases traded at 290.00 on a light test.

Negotiated Sales:

Confirmed:          690

Week Ago:           431

Year Ago:               72

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:         866.00

Weighted avg. net price:     290.22

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Cattle Slaughter under Federal Inspection

Monday                 3,000

Week Ago          125,000

Year Ago                 4,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 315.48… +0.99

Select:  289.54… -0.75

Choice/Select Spread: 25.94

Total Load Count: 109

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Cutter Cow Cutout:

243.06… -1.07

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CME Feeder Cattle Index for September 4th:

247.81… -1.12 / -0.45%

1 Year Change: +37.99%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

October: 179.95… -0.20

December: 184.15… -0.02

February: 188.47… +0.15

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Feeder Cattle:

September: 251.37… -0.48

October: 254.30… +0.35

November: 256.20… -0.17

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October Lean Hogs: 83.17… +0.12

October Crude Oil: 86.69… +1.14

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December Corn: 4.8600… +0.0450

December Wheat: 5.9925… +0.0375

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Grain Cash Bids:

Omaha Corn: 5.06… -0.16

Kansas City Wheat: 6.50… +0.07

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Financial Markets:

DJIA: 34,642.10… -196.37

S & P 500: 4,496.79… -18.98

NASDAQ: 14,020.95… -10.96

U.S. Dollar Index: 104.78… +0.54






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