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Oct
17
2023

Texas Daily Ag Market News Summary

Posted 139 days ago by Administrator Account

Daily Market Summary for October 17th

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 the Southern Plains, negotiated cash trade has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 183.00. For the prior week in Nebraska live FOB and dressed delivered purchases traded at 185.00 and at 292.00, respectively. For the previous week in the Western Cornbelt live FOB and dressed delivered purchases traded at 185.00 and from 290.00-292.00, respectively.

Negotiated Sales                                                                                              

Confirmed:         637

Week Ago:          916

Year Ago:         1,513

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,500

Weighted avg. weight:         881.00

Weighted avg. net price:     294.79

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Cattle Slaughter under Federal Inspection:

Tuesday            127,000

Week Ago          128,000

Year Ago            125,000

Week to Date    251,000

Last Week          253,000

Last Year            250,000 

Monday

Steers & Heifers: 98,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 304.14… +0.47

Select:  278.63… +1.43

Choice/Select Spread: 26.51

Total Load Count: 153

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Cutter Cow Cutout:

236.50… +2.42

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CME Feeder Cattle Index for October 16th:

246.83… -1.43 / -0.58%

1 Year Change: +43.28%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 185.50… +0.30

December: 186.87… +0.32

February: 191.00… +0.35

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Feeder Cattle:

October: 248.80… +0.48

November: 250.45… +0.53

January: 252.80… +1.28

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December Lean Hogs: 67.55… -0.75

November Crude Oil: 86.66… Unchanged

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December Corn: 4.8900… -0.0100

December Wheat: 5.7050… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.74… -0.01

Kansas City Wheat: 5.92… -0.01

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Financial Markets:

DJIA: 33,998.31… +27.75

S & P 500: 4,373.20… -0.43

NASDAQ: 13,533.75… -33.56

U.S. Dollar Index: 106.18… -0.06






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