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Oct
12
2023

Texas Daily Ag Market News Summary

Posted 256 days ago by Administrator Account

Daily Market Summary for October 12th

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 Southern Plains, negotiated cash has been slow on moderate demand. Compared to Wednesday in the Texas Panhandle live FOB purchases traded steady mostly at 183.00. In Kansas most recent market was Wednesday with live FOB purchases purchases at 183.00. In Nebraska negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 1.00-2.00 higher at 185.00. Compared to last week dressed delivered purchase market was 2.00-4.00 higher at 292.00. In the Western Cornbelt negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 2.00 higher at 185.00, with a few up to 185.50. The most recent dressed delivered purchase market was last week at 290.00.

Negotiated Sales:                                                                                               

Confirmed:         24,761

Week Ago:          10,747

Year Ago:             21,711

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,600

Weighted avg. weight:         900.00

Weighted avg. net price:     292.74

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Cattle Slaughter under Federal Inspection

Thursday           120,000

Week Ago          124,000

Year Ago            127,000

Week to Date    499,000

Last Week         499,000

Last Year           510,000 

Wednesday

Steers & Heifers:   99,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 301.19… +0.91

Select:  275.02… -0.28

Choice/Select Spread: 26.17

Total Load Count: 166

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Cutter Cow Cutout:

234.38… -0.11

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CME Feeder Cattle Index for October 11th:

249.79… +0.51 / +0.20%

1 Year Change: +43.83%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 185.40… +0.90

December: 187.80… +0.83

February: 192.00… +0.75

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Feeder Cattle:

October: 252.02… +1.85

November: 253.57… +1.57

January: 254.47… +1.17

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December Lean Hogs: 70.10… +0.13

November Crude Oil: 82.91… -0.58

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December Corn: 4.9600… +0.0800

December Wheat: 5.7150… +0.1550

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Grain Cash Bids:

Omaha Corn: 4.86… +0.13

Kansas City Wheat: 6.00… +0.08

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Financial Markets:

DJIA: 33,631.27… -173.60

S & P 500: 4,349.12… -27.85

NASDAQ: 13,574.22… -85.46

U.S. Dollar Index: 106.57… +0.70






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