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Sep
06
2023

Texas Daily Ag Market News Summary

Posted 284 days ago by Administrator Account

Daily Market Summary for September 6th

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 Wednesday in the Western Cornbelt, negotiated cash trading has been slow on light demand. A few Live FOB purchases traded at 183.00. In Kansas and Nebraska negotiated cash trading has been mostly inactive on very light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. In all regions the latest established market was for the prior week. In the Texas Panhandle Live FOB purchases traded at 179.00. In Kansas Live FOB purchases traded at 178.00. 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:          6,384

Week Ago:           2,105

Year Ago:             1,034

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:         869.00

Weighted avg. net price:     293.51

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Cattle Slaughter under Federal Inspection

Tuesday            126,000

Week Ago          125,000

Year Ago            130,000

Week to Date    257,000

Last Week          375,000

Last Year           261,000 

Monday

Steers & Heifers:  101,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 313.57… -1.91

Select:  287.61… -1.93

Choice/Select Spread: 25.96

Total Load Count: 152

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Cutter Cow Cutout:

245.12… +2.06

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CME Feeder Cattle Index for September 5th:

247.49… -0.32 / -0.13%

1 Year Change: +38.15%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

October: 182.70… +2.75

December: 186.50… +2.35

February: 190.37… +1.90

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Feeder Cattle:

September: 253.15… +1.78

October: 256.47… +2.17

November: 258.20… +2.00

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October Lean Hogs: 81.87… -1.30

October Crude Oil: 87.54… +0.85

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December Corn: 4.8575… -0.0025

December Wheat: 6.0900… +0.0975

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Grain Cash Bids:

Omaha Corn: 5.01… -0.05

Kansas City Wheat: 6.75… +0.25

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Financial Markets:

DJIA: 34,444.38… -197.72

S & P 500: 4,465.61… -31.18

NASDAQ: 13,872.47… -148.48

U.S. Dollar Index: 104.85… +0.04






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