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Oct
06
2023

Texas Daily Ag Market News Summary

Posted 150 days ago by Administrator Account

Daily Market Summary for October 6th

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 Friday in the Southern Plains, negotiated cash trading has been at a standstill. In the Texas Panhandle the last reported market was on Wednesday with live FOB purchases at 182.00. In Kansas the last reported market was on Tuesday with live FOB purchases at 182.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska, a few live FOB purchases traded at 184.00. However, not enough live or dressed purchases for a full market trend in either region. In Nebraska the last reported live FOB purchase market was on Thursday at 183.00. The last reported dressed delivered purchase market was on Wednesday from 288.00-290.00. In the Western Cornbelt the last reported market was Thursday with live FOB purchases from 183.00-184.00 and dressed delivered purchases, on a light test, at 290.00.

Negotiated Sales:                                                                                               

Confirmed:          3,587

Week Ago:           5,612

Year Ago:             5,927

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,900

Weighted avg. weight:         870.00

Weighted avg. net price:     294.02

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Cattle Slaughter under Federal Inspection

Friday                112,000

Week Ago            96,000

Year Ago            119,000

Week to Date    611,000

Last Week          601,000

Last Year            633,000 

Thursday

Steers & Heifers: 96,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 302.01... +4.25

Select:  275.78... +1.01

Choice/Select Spread: 26.23

Total Load Count: 97

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Cutter Cow Cutout:

237.81… +5.83

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CME Feeder Cattle Index for October 5th:

250.41… -1.04 / -0.41%

1 Year Change: +43.16%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 183.07… +1.12

December: 186.67… +1.30

February: 190.77… +1.17

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Feeder Cattle:

October: 248.37… +0.87

November: 250.87… +0.57

January: 253.77… +0.72

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December Lean Hogs: 73.57… +1.30

November Crude Oil: 82.79… +0.48

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December Corn: 4.9200… -0.0550

December Wheat: 5.6825… -0.1000

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Grain Cash Bids:

Omaha Corn: 4.78… -0.04

Kansas City Wheat: 5.99… -0.17

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Financial Markets:

DJIA: 33,407.52… +287.13

S & P 500: 4,308.49… +50.29

NASDAQ: 13,431.34… +210.42

U.S. Dollar Index: 106.03… -0.30






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