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Oct
05
2023

Texas Daily Ag Market News Summary

Posted 151 days ago by Administrator Account

Daily Market Summary for October 5th

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 Thursday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. The most recent market was Wednesday with live FOB purchases at 182.00. In Kansas negotiated cash trade has been at a standstill. The most recent market was Tuesday with live FOB purchases at 182.00. In Nebraska negotiated cash trade has been slow on light to moderate demand. Compared to Wednesday live FOB purchases traded steady at 183.00. The most recent dressed delivered market was Wednesday with purchases from 288.00-290.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent market was Wednesday with live FOB purchases traded at 183.00. Not enough dressed delivered purchases for a market trend. Last week dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:        10,747

Week Ago:           4,327

Year Ago:           28,269

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,200

Weighted avg. weight:         903.00

Weighted avg. net price:     295.20

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          124,000

Year Ago            128,000

Week to Date    499,000

Last Week          505,000

Last Year            524,000 

Wednesday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 297.76… +1.00

Select:  274.77… -0.10

Choice/Select Spread: 22.99

Total Load Count: 160

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Cutter Cow Cutout:

231.98… -10.08

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CME Feeder Cattle Index for October 4th:

251.45… -0.45 / -0.18%

1 Year Change: +43.12%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 181.95… -0.25

December: 185.37… -0.65

February: 189.60… -0.77

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Feeder Cattle:

October: 247.50… -0.27

November: 250.30… -0.12

January: 253.05… -1.00

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December Lean Hogs: 72.27… +3.10

November Crude Oil: 82.31… -1.91

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December Corn: 4.9750… +0.1150

December Wheat: 5.7825… +0.1825

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Grain Cash Bids:

Omaha Corn: 4.82… +0.12

Kansas City Wheat: 6.16… +0.24

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Financial Markets:

DJIA: 33,120.39… -7.84

S & P 500: 4,258.20… -5.18

NASDAQ: 13,220.92… -15.09

U.S. Dollar Index: 106.35… -0.45






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