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Sep
25
2023

Texas Daily Ag Market News Summary

Posted 161 days ago by Administrator Account

Daily Market Summary for September 25th

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 Monday in all trading regions, negotiated cash trade has been at standstill. The most recent market trend in any region was last week. In the Southern Plains live FOB purchases traded at 183.00. Last week in Nebraska live FOB purchases traded from 184.00-185.00, with dressed delivered purchases trading at 292.00. In the Western Cornbelt live FOB purchases traded from 185.00-186.00, dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:       159

Week Ago:        190

Year Ago:          459

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,300

Weighted avg. weight:         875.00

Weighted avg. net price:     293.73

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Cattle Slaughter under Federal Inspection

Monday             127,000

Week Ago          121,000

Year Ago            123,000

Friday

Steers & Heifers: 88,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 301.48… -1.85

Select:  280.45… +0.02

Choice/Select Spread: 21.03 

Total Load Count: 94

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Cutter Cow Cutout:

243.50… +0.54

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CME Feeder Cattle Index for September 22nd:

254.06… +0.84 / +0.33%

1 Year Change: +42.16%

52 Week Range: 172.03 to 254.10

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Futures Settlements…

Live Cattle:

October: 186.97… -0.10

December: 191.22… -0.13

February: 195.90… +0.35

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Feeder Cattle:

September: 253.87… -0.23

October: 258.82… -0.33

November: 263.70… -0.82

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December Lean Hogs: 72.52… +0.35

November Crude Oil: 89.68… -0.35

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December Corn: 4.8125… +0.0400

December Wheat: 5.8900… +0.0950

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Grain Cash Bids:

Omaha Corn: 4.91… +0.04

Kansas City Wheat: 6.60… +0.04

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Financial Markets:

DJIA: 34,007.21… +43.70

S & P 500: 4,337.52… +17.59

NASDAQ: 13,271.66… +62.12

U.S. Dollar Index: 105.97… +0.39






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