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Oct
03
2023

Texas Daily Ag Market News Summary

Posted 148 days ago by Administrator Account

Daily Market Summary for October 3rd

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 Tuesday in the Southern Plains, negotiated cash trade have been light on light demand. Compared to last week live FOB purchases are 1.00 lower at 182.00. In the Western Cornbelt and Nebraska negotiated cash trade has been mostly inactive on light demand. 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:        15,880

Week Ago:           1,166

Year Ago:                672

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,400

Weighted avg. weight:         870.00

Weighted avg. net price:     295.09

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Cattle Slaughter under Federal Inspection

Tuesday            128,000

Week Ago          128,000

Year Ago            130,000

Week to Date    253,000

Last Week          255,000

Last Year            258,000 

Monday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 300.07… -3.01

Select:  275.59… -1.39

Choice/Select Spread: 24.48

Total Load Count: 130

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Cutter Cow Cutout:

239.27… -1.73

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CME Feeder Cattle Index for October 2nd:

251.79… -0.42 / -0.17%

1 Year Change: +43.33%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 182.12… -2.30

December: 185.65… -2.70

February: 190.30… -2.87

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Feeder Cattle:

October: 248.60… -4.72

November: 250.35… -5.35

January: 254.27… -5.08

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December Lean Hogs: 69.07… -0.43

November Crude Oil: 89.23… +0.41

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December Corn: 4.8750… -0.0125

December Wheat: 5.6850… +0.0375

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Grain Cash Bids:

Omaha Corn: 5.03… +0.03

Kansas City Wheat: 6.08… +0.06

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Financial Markets:

DJIA: 33,003.07… -429.69

S & P 500: 4,229.57… -58.69

NASDAQ: 13,059.47… -248.44

U.S. Dollar Index: 107.02… +0.12






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