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Oct
02
2023

Texas Daily Ag Market News Summary

Posted 290 days ago by Administrator Account

Daily Market Summary for October 2nd

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 was at a standstill. Last week in the Southern Plains live FOB purchases at 183.00. In Nebraska last week live FOB purchases traded at 184.00, with dressed delivered purchases traded at 290.00. In the Western Cornbelt last week live FOB purchases traded at 184.00 and dressed delivered purchases at 290.00.

Negotiated Sales:                                                                                               

Confirmed:        None

Week Ago:           159

Year Ago:             672

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,200

Weighted avg. weight:        881.00

Weighted avg. net price:     294.01

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          127,000

Year Ago            128,000

Thursday

Steers & Heifers:   71,000

Cows & Bulls:         25,000

-

Boxed Beef:

Cutout Values:

Choice: 303.08… +2.30

Select:  276.98… +0.94

Choice/Select Spread: 26.10

Total Load Count: 105

-

Cutter Cow Cutout:

241.00… +1.89

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CME Feeder Cattle Index for September 29th:

252.21… +0.10 / +0.04%

1 Year Change: +43.76%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.42… +0.22

December: 188.35… +0.43

February: 193.17… +0.67

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Feeder Cattle:

October: 253.32… +0.85

November: 255.70… +0.80

January: 259.35… +1.30

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December Lean Hogs: 69.50… -2.27

November Crude Oil: 88.82… -1.97

-

December Corn: 4.8875… +0.1200

December Wheat: 5.6475… +0.2325

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Grain Cash Bids:

Omaha Corn: 5.00… +0.28

Kansas City Wheat: 6.02… +0.13

-

Financial Markets:

DJIA: 33,432.86… -75.99

S & P 500: 4,288.26… +0.31

NASDAQ: 13,307.91… +88.65

U.S. Dollar Index: 106.95… +0.73






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