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Sep
29
2023

Texas Daily Ag Market News Summary

Posted 152 days ago by Administrator Account

Daily Market Summary for September 29th

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 the Texas Panhandle, negotiated cash trade has been slow on light demand. In the Kansas negotiated cash trade inactive on light demand. The last reportable market in the Southern Plains was Tuesday with live FOB purchases at 183.00. In Nebraska negotiated cash trade has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trade has been slow on light demand. The last reportable market in Nebraska and the Western Cornbelt was Wednesday live FOB purchases at 184.00, with dressed delivered purchases at 290.00.

Negotiated Sales:                                                                                               

Confirmed:        5,612

Week Ago:         5,869

Year Ago:           4,755

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,500

Weighted avg. weight:         865.00

Weighted avg. net price:     292.83

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Cattle Slaughter under Federal Inspection

Friday                   96,000

Week Ago           114,000

Year Ago             117,000

Week to Date    601,000

Last Week          612,000

Last Year            624,000 

Wednesday

Steers & Heifers:   96,000

Cows & Bulls:         28,000

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Boxed Beef:

Cutout Values:

Choice: 300.78… -0.73

Select:  276.04… -1.40

Choice/Select Spread: 24.74

Total Load Count: 131

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Cutter Cow Cutout:

239.11… -0.02

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CME Feeder Cattle Index for September 27th:

252.20… -1.07 / -0.42%

1 Year Change: +43.34%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.20… -2.30

December: 187.92… -2.50

February: 192.50… -2.12

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Feeder Cattle:

October: 252.47… -2.25

November: 254.90… -2.77

January: 258.05… -2.00

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December Lean Hogs: 71.77… -3.75

November Crude Oil: 90.79… -0.92

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December Corn: 4.7675… -0.1175

December Wheat: 5.4150… -0.3725

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Grain Cash Bids:

Omaha Corn: 4.72… -0.12

Kansas City Wheat: 5.89… -0.21

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Financial Markets:

DJIA: 33,508.85… -157.29

S & P 500: 4,288.26… -11.45

NASDAQ: 13,219.26… +17.98

U.S. Dollar Index: 106.18… -0.04






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