Sep 26 2023

Texas Daily Ag Market News Summary Posted 220 days ago by Administrator Account

Daily Market Summary for September 26th

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade was at standstill. In the Western Cornbelt negotiated cash trade was slow on light demand. 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:       1,166

Week Ago:           617

Year Ago:          9,208

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,600

Weighted avg. weight:         883.00

Weighted avg. net price:     295.21

-

Cattle Slaughter under Federal Inspection

Tuesday             128,000

Week Ago           127,000

Year Ago             129,000

Week to Date    255,000

Last Week          248,000

Last Year            252,000 

Monday

Steers & Heifers: 101,000

Cows & Bulls:         26,000

-

Boxed Beef:

Cutout Values:

Choice: 299.54… -1.94

Select:  279.10… -1.35

Choice/Select Spread: 20.44

Total Load Count: 157

-

Cutter Cow Cutout:

242.37… -1.13

-

CME Feeder Cattle Index for September 25th:

253.90… -0.16 / -0.06%

1 Year Change: +42.07%

52 Week Range: 172.03 to 254.09

-

Futures Settlements…

Live Cattle:

October: 184.80… -2.17

December: 188.47… -2.75

February: 193.05… -2.85

-

Feeder Cattle:

September: 252.60… -1.27

October: 253.87… -4.95

November: 256.87… -5.83

-

December Lean Hogs: 72.35… -0.17

November Crude Oil: 90.39… +0.71

-

December Corn: 4.7975… -0.0150

December Wheat: 5.8900… Unchanged

-

Grain Cash Bids:

Omaha Corn: 4.90… -0.01

Kansas City Wheat: 6.58… -0.02

-

Financial Markets:

DJIA: 33,618.92… -388.59

S & P 500: 4,273.55… -63.97

NASDAQ: 13,063.61… -208.05

U.S. Dollar Index: 106.20… +0.20