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Sep
08
2023

Texas Daily Ag Market News Summary

Posted 314 days ago by Administrator Account

Daily Market Summary for September 8th

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 Friday in Texas Panhandle, negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded 1.00 higher at 180.00. In Kansas negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded 2.00 higher at 180.00. In Nebraska negotiated cash trade has been limited on light demand. However not enough purchases for a market trend. The last established dressed delivered. purchase market was on Thursday at 290.00 on a light test. The latest established live FOB market was last week at 182.00. In the Western Cornbelt negotiated cash trade has been limited on light demand. However not enough purchases for a market trend. The latest established live FOB market was Thursday from 183.00-184.00. Last week dressed delivered purchases traded at 290.00 on a light test.

Negotiated Sales:

Confirmed:        14,960

Week Ago:           5,452

Year Ago:           10,073

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,100

Weighted avg. weight:        874.00

Weighted avg. net price:    289.52

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Cattle Slaughter under Federal Inspection

Friday                 125,000

Week Ago          122,000

Year Ago            128,000

Week to Date    508,000

Last Week          621,000

Last Year            517,000 

Thursday

Steers & Heifers:  100,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 312.90… +1.24

Select:  286.05… -0.12

Choice/Select Spread: 26.85

Total Load Count: 107

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Cutter Cow Cutout:

243.78… -0.28

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CME Feeder Cattle Index for September 7th:

249.21… -0.12 / -0.05%

1 Year Change: +37.50%

52 Week Range: 172.03 to 249.33

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Futures Settlements…

Live Cattle:

October: 183.22… -0.43

December: 187.42… -0.08

February: 191.70… +0.30

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Feeder Cattle:

September: 255.35… -0.22

October: 259.15… +0.28

November: 260.62… +0.35

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October Lean Hogs: 81.52… -1.30

October Crude Oil: 87.51… +0.64

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December Corn: 4.8375… -0.0250

December Wheat: 5.9575… -0.0400

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Grain Cash Bids:

Omaha Corn: 4.99… -0.02

Kansas City Wheat: 6.57… -0.05

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Financial Markets:

DJIA: 34,577.28… +76.29

S & P 500: 4,457.59… +6.39

NASDAQ: 13,761.53… +12.70

U.S. Dollar Index: 105.09… +0.03






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