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Oct
09
2023

Texas Daily Ag Market News Summary

Posted 142 days ago by Administrator Account

Daily Market Summary for October 9th

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 the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 182.00. For the previous week in Nebraska and Western Cornbelt live FOB purchases traded at 183.00 and dressed delivered purchases traded from 288.00-290.00.

Negotiated Sales:                                                                                               

Confirmed:             430

Week Ago:           None

Year Ago:                307

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,600

Weighted avg. weight:         874.00

Weighted avg. net price:     292.98

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          125,000

Year Ago            126,000

Friday

Steers & Heifers: 86,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 303.42… +1.41

Select:  277.50… +1.72

Choice/Select Spread: 25.92

Total Load Count: 75

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Cutter Cow Cutout:

235.40… -2.41

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CME Feeder Cattle Index for October 6th:

249.73… -0.68 / -0.27%

1 Year Change: +43.02%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 182.37… -0.70

December: 185.35… -1.32

February: 189.62… -1.15

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Feeder Cattle:

October: 246.90… -1.47

November: 249.65… -1.22

January: 251.85… -1.92

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December Lean Hogs: 72.47… -1.10

November Crude Oil: 86.38… +3.59

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December Corn: 4.8825… -0.0375

December Wheat: 5.7275… +0.0450

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Grain Cash Bids:

Omaha Corn: 4.73… -0.05

Kansas City Wheat: 6.11… +0.12

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Financial Markets:

DJIA: 33,603.89… +196.37

S & P 500: 4,335.31… +26.82

NASDAQ: 13,482.44… +51.10

U.S. Dollar Index: 106.06… +0.03






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