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Oct
10
2023

Texas Daily Ag Market News Summary

Posted 141 days ago by Administrator Account

Daily Market Summary for October 10th

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 Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 182.00. Last week in Nebraska live FOB purchases traded form 183.00-184.00. The most recent dressed delivered purchase market was last week from 288.00-290.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded form 183.00-184.00. The most recent dressed delivered purchase market was last week at 290.00.

Negotiated Sales:                                                                                               

Confirmed:              916

Week Ago:          15,880

Year Ago:              1,399

Formula Net - Dressed Steers & Heifers:

Head count priced today:    40,700

Weighted avg. weight:         879.00

Weighted avg. net price:     297.84

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Cattle Slaughter under Federal Inspection

Tuesday             128,000

Week Ago          125,000

Year Ago            129,000

Week to Date    253,000

Last Week          250,000

Last Year            255,000 

Monday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 301.06... -2.36

Select:  276.15... -1.35

Choice/Select Spread: 24.91

Total Load Count: 217

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Cutter Cow Cutout:

240.65… +5.25

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CME Feeder Cattle Index for October 9th:

250.26… +0.53 / +0.21%

1 Year Change: +43.33%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 182.57… +0.20

December: 185.00… -0.35

February: 189.32… -0.30

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Feeder Cattle:

October: 247.95… +1.05

November: 250.34… +0.69

January: 251.85… Unchanged

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December Lean Hogs: 71.42… -1.05

November Crude Oil: 85.97… -0.41

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December Corn: 4.8550… -0.0275

December Wheat: 5.5850… -0.1425

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Grain Cash Bids:

Omaha Corn: 4.71… -0.02

Kansas City Wheat: 5.96… -0.15

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Financial Markets:

DJIA: 33,739.43… +135.54

S & P 500: 4,357.35… +23.04

NASDAQ: 13,562.84… +80.40

U.S. Dollar Index: 105.77… -0.31






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