Oct 18 2023

Texas Daily Ag Market News Summary Posted 1 years 40 days ago by Administrator Account

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Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 183.00. In Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. However not enough purchases for a market trend. 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 purchases and dressed delivered purchases traded at 185.00 and from 290.00-292.00, respectively.

Negotiated Sales:                                                                                               

Confirmed:         458

Week Ago:     20,300

Year Ago:         3,690

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,400

Weighted avg. weight:         894.00

Weighted avg. net price:     296.78

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          126,000

Year Ago            129,000

Week to Date    377,000

Last Week          399,000

Last Year            379,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 303.86… -1.68

Select:  278.35… -0.28

Choice/Select Spread: 25.51

Total Load Count: 173

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Cutter Cow Cutout:

236.39… -0.11

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CME Feeder Cattle Index for October 17th:

247.10… +0.27 / +0.11%

1 Year Change: +43.44%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 185.72… +0.22

December: 187.20… +0.33

February: 191.07… +0.07

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Feeder Cattle:

October: 247.12… -1.68

November: 249.72… -0.73

January: 250.90… -1.90

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December Lean Hogs: 68.02… +0.47

November Crude Oil: 88.32… +1.66

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December Corn: 4.9200… +0.0300

December Wheat: 5.8025… -0.0975

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Grain Cash Bids:

Omaha Corn: 4.77… +0.03

Kansas City Wheat: 5.96… +0.04

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Financial Markets:

DJIA: 33,665.08… -333.23

S & P 500: 4,314.58… -58.62

NASDAQ: 13,314.30… -219.45

U.S. Dollar Index: 106.57… +0.32