Sep 14 2023

Texas Daily Ag Market News Summary Posted 225 days ago by Administrator Account

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Fed Cattle: 

As of 3:00 PM Thursday in Southern Plains, negotiated cash trade has been a standstill. In Nebraska negotiated cash trade has been limited on light demand, with a few live delivered purchases at 186.50. The most current market in the Southern Plains and Nebraska was last week. In the Southern Plains last week live FOB purchases traded at 180.00. In Nebraska last week live FOB purchases traded from 183.00-184.00 and dressed delivered purchases traded at 290.00. In the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. The most current market was on Wednesday with live FOB purchases at 184.00. Last week dressed delivered purchases traded from 288.00-290.00.

Negotiated Sales:                                                                                               

Confirmed:         3,430

Week Ago:          3,255

Year Ago:          20,831

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,100

Weighted avg. weight:         900.00

Weighted avg. net price:     290.01

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          126,000

Year Ago            127,000

Week to Date    502,000

Last Week          383,000

Last Year            511,000 

Wednesday

Steers & Heifers:    99,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 306.37… -1.18

Select:  286.86… -0.33

Choice/Select Spread: 19.51

Total Load Count: 131

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Cutter Cow Cutout:

243.81… -0.96

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CME Feeder Cattle Index for September 13th:

251.21… +0.05 / +0.02%

1 Year Change: +39.58%

52 Week Range: 172.03 to 251.21

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Futures Settlements…

Live Cattle:

October: 185.47… +2.32

December: 190.35… +2.50

February: 194.97… +2.60

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Feeder Cattle:

September: 255.17… +1.67

October: 261.87… +2.82

November: 264.85… +3.28

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October Lean Hogs: 83.35… -0.62

October Crude Oil: 90.16… +1.64

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December Corn: 4.8050… -0.0175

December Wheat: 5.9375… -0.0350

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Grain Cash Bids:

Omaha Corn: 4.86… 0.02

Kansas City Wheat: 6.62… -0.08

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Financial Markets:

DJIA: 34,907.51… +333.92

S & P 500: 4,505.18… +38.82

NASDAQ: 13,926.05… +113.17

U.S. Dollar Index: 105.36… +0.59