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Sep
27
2023

Texas Daily Ag Market News Summary

Posted 159 days ago by Administrator Account

Daily Market Summary for September 27th

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 Wednesday in Southern Plains, negotiated cash trade has been mostly inactive on light demand. The last reportable market was Tuesday with live FOB purchases at 183.00. In Nebraska negotiated cash trade has been slow on light demand with a few early live FOB purchases at 184.00. Compared to last week dressed delivered purchases traded 2.00 lower at 290.00 with a few up to 291.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. Compared to last week live a few early live FOB purchases traded steady to 1.00 lower at 184.00. Compared to last week a few early dressed delivered purchases traded 1.00 to 2.00 lower from 290.00-292.00.

Negotiated Sales:                                                                                               

Confirmed:      14,334

Week Ago:         2,091

Year Ago:         36,734

Formula Net - Dressed Steers & Heifers:

Head count priced today:   14,400

Weighted avg. weight:         894.00

Weighted avg. net price:     292.08

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             128,000

Week to Date    381,000

Last Week          374,000

Last Year            380,000 

Tuesday

Steers & Heifers: 101,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 300.95… +1.41

Select:  278.51… -0.59

Choice/Select Spread: 22.44

Total Load Count: 149

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Cutter Cow Cutout:

244.77… +2.40

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CME Feeder Cattle Index for September 26th:

253.27… -0.63 / -0.25%

1 Year Change: +42.72%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.90… +0.10

December: 188.17… -0.30

February: 192.40… -0.65

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Feeder Cattle:

September: 251.52… -1.08

October: 252.25… -1.62

November: 256.80… -2.07

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December Lean Hogs: 72.77… +0.42

November Crude Oil: 93.68… +3.29

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December Corn: 4.8325… +0.0350

December Wheat: 5.7950… -0.0950

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Grain Cash Bids:

Omaha Corn: 4.78… -0.12

Kansas City Wheat: 6.47… -0.11

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Financial Markets:

DJIA: 33,557.09… -61.53

S & P 500: 4,274.63… +1.08

NASDAQ: 13,092.85… +29.24

U.S. Dollar Index: 106.71… +0.48






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