Sep 28 2023

Texas Daily Ag Market News Summary Posted 1 years 60 days ago by Administrator Account

Daily Market Summary for September 28th
The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle: 

As of 3:00 PM Thursday in Texas Panhandle, negotiated cash trade has been at a standstill. In Kansas negotiated cash trade has been inactive on light to demand. The last reportable market in the Southern Plains was Tuesday with live FOB purchases at 183.00. In Nebraska negotiated cash trade was slow on light demand. The most recent live FOB purchases were Wednesday at 184.00, with dressed delivered purchases at 290.00. In the Western Cornbelt negotiated cash trade was mostly inactive on light demand. The most recent live FOB purchases were Wednesday at 184.00, with dressed delivered purchases at 290.00.

Negotiated Sales:                                                                                               

Confirmed:       4,327

Week Ago:      12,500

Year Ago:           7,176

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

Thursday          124,000

Week Ago         124,000

Year Ago           127,000

Week to Date   505,000

Last Week         498,000

Last Year           507,000 

Wednesday

Steers & Heifers: 100,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 301.51… +0.56

Select: 277.44… -1.07

Choice/Select Spread: 24.07

Total Load Count: 149

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Cutter Cow Cutout:

239.13… +5.64

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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: 186.50… +1.60

December: 190.42… +2.25

February: 194.62… +2.22

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Feeder Cattle:

September: 252.32… +0.80

October: 254.72… +2.47

November: 257.67… +2.87

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December Lean Hogs: 75.52… +2.75

November Crude Oil: 91.71… +1.97

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December Corn: 4.8850… +0.0525

December Wheat: 5.7875… +0.0075

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Grain Cash Bids:

Omaha Corn: 4.84… +0.06

Kansas City Wheat: 6.39… -0.08

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Financial Markets:

DJIA: 33,666.14… +109.05

S & P 500: 4,299.71… +25.08

NASDAQ: 13,201.28… +108.43

U.S. Dollar Index: 106.16… -0.51