Oct 19 2023

Texas Daily Ag Market News Summary Posted 1 years 38 days ago by Administrator Account

Daily Market Summary for October 19th

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trade has been slow on light demand. In Kansas a few live FOB purchases traded at 184.00, however not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 183.00. In Nebraska negotiated cash trade has been slow on light demand. A few live FOB purchases traded at 186.00 and a few dressed delivered purchases traded at 294.00, 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. In Western Cornbelt negotiated cash trade was slow on light to moderate demand. Compared to last week live cash purchases traded 1.00-2.00 higher from 186.00-187.00. Compared to last week dressed delivered purchases traded 2.00 higher from 292.00-294.00, on a light test.

Negotiated Sales:                                                                                               

Confirmed:    20,384

Week Ago:     24,761

Year Ago:       49,499

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,500

Weighted avg. weight:         904.00

Weighted avg. net price:     295.48

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago          120,000

Year Ago            130,000

Week to Date    502,000

Last Week          499,000

Last Year            509,000 

Wednesday

Steers & Heifers: 100,000

Cows & Bulls:         26,000

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Boxed Beef:

Cutout Values:

Choice: 304.12… +0.26

Select:  277.48… -0.87

Choice/Select Spread: 26.84

Total Load Count: 164

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Cutter Cow Cutout:

233.74… -2.65

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CME Feeder Cattle Index for October 18th:

244.83… -2.27 / -0.92

1 Year Change: +41.71%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.40… -1.32

December: 185.30… -1.90

February: 188.95… -2.12

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Feeder Cattle:

October: 243.57… -3.57

November: 244.50… -5.22

January: 245.37… -5.53

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December Lean Hogs: 68.00… -0.02

November Crude Oil: 89.37… +1.05

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December Corn: 5.0500… +0.1300

December Wheat: 5.9400… +0.1375

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Grain Cash Bids:

Omaha Corn: 4.89… +0.12

Kansas City Wheat: 6.01… +0.05

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Financial Markets:

DJIA: 33,412.86… -252.22

S & P 500: 4,277.94… -36.64

NASDAQ: 13,186.18… -128.12

U.S. Dollar Index: 106.21… -0.36