Oct 11 2023

Texas Daily Ag Market News Summary Posted 1 years 47 days ago by Administrator Account

Daily Market Summary for October 11th

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trade has been moderate on trade and demand. Compared to last week in the Texas Panhandle live FOB purchases traded steady to 1.00 higher from 182.00-183.00, mostly at 183.00. Compared to last week in the Kansas live FOB purchases traded 1.00 higher at 183.00.

In Nebraska and the Western Cornbelt negotiated cash trade was limited on light demand, however not enough purchases for a market trend. 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 was limited 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:         20,300

Week Ago:          14,291

Year Ago:              1,868

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:         874.00

Weighted avg. net price:     293.40

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          125,000

Year Ago            128,000

Week to Date    379,000

Last Week          375,000

Last Year            383,000 

Tuesday

Steers & Heifers: 101,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 300.28… -0.78

Select:  275.30… -0.85

Choice/Select Spread: 24.98

Total Load Count: 146

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Cutter Cow Cutout:

234.49… -6.16

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CME Feeder Cattle Index for October 10th:

249.79… -0.47 / -0.19%

1 Year Change: +43.03%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.50… +1.93

December: 186.97… +1.97

February: 191.25… +1.93

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Feeder Cattle:

October: 250.17… +2.22

November: 252.00… +1.66

January: 253.30… +1.45

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December Lean Hogs: 69.97… -1.45

November Crude Oil: 83.49… -2.48

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December Corn: 4.8800… +0.0250

December Wheat: 5.5600… -0.0250

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Grain Cash Bids:

Omaha Corn: 4.73… +0.02

Kansas City Wheat: 5.92… -0.04

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Financial Markets:

DJIA: 33,804.87… +65.44

S & P 500: 4,376.97… +18.62

NASDAQ: 13,629.68… +96.84

U.S. Dollar Index: 105.76… -0.07