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Oct
04
2023

Texas Daily Ag Market News Summary

Posted 147 days ago by Administrator Account

Daily Market Summary for October 4th

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 the Texas Panhandle, negotiated cash trade has been slow on light demand. Compared to Tuesday live FOB purchases are steady at 182.00 with a few up to 182.75. In Kansas, negotiated cash trade has been mostly inactive on light demand, however not enough purchases for a market trend. The most recent market was Tuesday with live FOB purchases at 182.00. In Nebraska negotiated cash trade has been slow on light demand, however not enough purchases for a market trend. A few early dressed FOB purchases at 291.00. Last week live FOB purchases at 184.00 and dressed delivered purchases traded at 290.00. In the Western Cornbelt negotiated cash trade has been light on light to moderate demand. Compared to last week live FOB purchases are 1.00 lower at 183.00 with a few up to 184.00. Last week dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:        14,291

Week Ago:         14,334

Year Ago:              5,201

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,500

Weighted avg. weight:         867.00

Weighted avg. net price:     293.97

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Cattle Slaughter under Federal Inspection

Wednesday      125,000

Week Ago          126,000

Year Ago            128,000

Week to Date    375,000

Last Week          381,000

Last Year            386,000 

Tuesday

Steers & Heifers: 97,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 296.76… -3.31

Select:  274.87… -0.72

Choice/Select Spread: 21.89

Total Load Count: 176

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Cutter Cow Cutout:

242.06… +2.79

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CME Feeder Cattle Index for October 3rd:

251.90… +0.11 / +0.04%

1 Year Change: +43.39%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 182.20… +0.08

December: 186.02… +0.37

February: 190.37… +0.07

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Feeder Cattle:

October: 247.77… -0.83

November: 250.42… +0.07

January: 254.05… -0.22

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December Lean Hogs: 69.17… +0.10

November Crude Oil: 84.22… -5.01

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December Corn: 4.8600… -0.0150

December Wheat: 5.6000… -0.0850

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Grain Cash Bids:

Omaha Corn: 5.00… -0.03

Kansas City Wheat: 5.92… -0.16

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Financial Markets:

DJIA: 33,128.23… +125.06

S & P 500: 4,263.38… +33.81

NASDAQ: 13,236.01… +176.54

U.S. Dollar Index: 106.71… -0.29






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