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Oct
16
2023

Texas Daily Ag Market News Summary

Posted 140 days ago by Administrator Account

Daily Market Summary for October 16th

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 all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 183.00. Last week in Nebraska negotiated cash traded at 185.00 with dressed delivered purchases at 292.00. Last week in the Western Cornbelt live FOB purchases traded at 185.00, while dressed delivered purchases traded from 290.00-292.00.

Negotiated Sales:                                                                                               

Confirmed:         160

Week Ago:          430

Year Ago:            106

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,500

Weighted avg. weight:         875.00

Weighted avg. net price:     291.37

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Cattle Slaughter under Federal Inspection

Monday             124,000

Week Ago          125,000

Year Ago            125,000

Friday

Steers & Heifers: 86,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 304.67… +3.87

Select:  277.20… +1.71

Choice/Select Spread: 27.47

Total Load Count: 87

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Cutter Cow Cutout:

234.08… +2.80

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CME Feeder Cattle Index for October 13th:

248.26… -1.85 / -0.74%

1 Year Change: +43.44%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 185.20… +0.08

December: 186.55… -0.20

February: 190.65… -0.27

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Feeder Cattle:

October: 249.32… -1.55

November: 249.92… -1.65

January: 251.52… -0.73

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December Lean Hogs: 68.30… -1.20

November Crude Oil: 86.66… -1.03

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December Corn: 4.9000… -0.0325

December Wheat: 5.7725… -0.0250

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Grain Cash Bids:

Omaha Corn: 4.75… -0.03

Kansas City Wheat: 5.93… -0.01

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Financial Markets:

DJIA: 33,970.56... +300.27

S & P 500: 4,373.63... +45.29

NASDAQ: 13,562.31… +153.08

U.S. Dollar Index: 106.21… -0.44






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