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Sep
07
2023

Texas Daily Ag Market News Summary

Posted 179 days ago by Administrator Account

Daily Market Summary for September 7th

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 Thursday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading has been limited on light demand, with a few dressed delivered purchases traded at 290.00. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases in any region for a market trend. The most recent reported market was last week in all regions. In the Texas Panhandle live fob purchases traded at 179.00. In Kansas live fob purchases traded at 178.00. In Nebraska live fob purchases at 182.00 and dressed delivered purchases from 290.00-292.00. In the Western Cornbelt live fob purchases from 183.00-185.00 and dressed delivered purchases at 290.00.

Negotiated Sales:

Confirmed:          3,117

Week Ago:         30,911

Year Ago:           43,057

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

Wednesday       126,000

Week Ago          124,000

Year Ago            128,000

Week to Date    383,000

Last Week          499,000

Last Year            389,000 

Tuesday

Steers & Heifers:  100,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 311.66… -1.91

Select:  286.17… -1.44

Choice/Select Spread: 25.49

Total Load Count: 167

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Cutter Cow Cutout:

244.06… -1.06

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CME Feeder Cattle Index for September 6th:

249.33… +1.84 / +0.74%

1 Year Change: +38.28%

52 Week Range: 172.03 to 249.33

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Futures Settlements…

Live Cattle:

October: 183.65… +0.95

December: 187.50… +1.00

February: 191.40… +1.03

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Feeder Cattle:

September: 255.57… +2.42

October: 258.87… +2.40

November: 260.27… +2.07

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October Lean Hogs: 82.82… +0.95

October Crude Oil: 86.87… -0.67

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December Corn: 4.8625… +0.0050

December Wheat: 5.9975… -0.0925

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Grain Cash Bids:

Omaha Corn: 5.01… Unchanged

Kansas City Wheat: 6.62… -0.13

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Financial Markets:

DJIA: 34,500.99… +56.61

S & P 500: 4,451.20… -14.41

NASDAQ: 13,748.83… -123.64

U.S. Dollar Index: 105.03… +0.17






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