Oct 23 2023

Texas Daily Ag Market News Summary Posted 1 years 34 days ago by Administrator Account

Daily Market Summary for October 23rd

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Nebraska has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week was the most recent market in these regions. In the Texas Panhandle live FOB purchases traded at 185.00. In Kansas live FOB purchases traded from 184.00-185.00. In Nebraska live FOB and dressed delivered purchases traded from 186.00-187.00 and at 294.00, respectively. In the Western Cornbelt negotiated cash trading has been slow on light demand. A few live FOB purchases traded from 184.00-185.00, however, not enough for a market trend. The most recent reported market was last week with live FOB and dressed delivered purchases traded from 186.00-187.00 and at 294.00, respectively.

Negotiated Sales:                                                                                               

Confirmed:    7,120

Week Ago:        420

Year Ago:          249

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,700

Weighted avg. weight:         876.00

Weighted avg. net price:     293.98

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          124,000

Year Ago            126,000

Friday

Steers & Heifers:  91,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 304.54… -0.84

Select:  281.02… +2.32

Choice/Select Spread: 23.52

Total Load Count: 105

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Cutter Cow Cutout:

232.35… -1.21

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CME Feeder Cattle Index for October 20th:

243.56… -0.43 / -0.18%

1 Year Change: +40.28%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 178.25… -6.02

December: 178.35… -6.27

February: 180.97… -6.75

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Feeder Cattle:

October: 237.62… -4.20

November: 235.80… -6.42

January: 235.70… -7.35

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December Lean Hogs: 66.17… +0.17

December Crude Oil: 85.49… +2.59

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December Corn: 4.9025… -0.0525

December Wheat: 5.8725… +0.0125

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Grain Cash Bids:

Omaha Corn: 4.76… -0.06

Kansas City Wheat: 5.96… +0.01

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Financial Markets:

DJIA: 32,938.80… -187.89

S & P 500: 4,217.94… -6.16

NASDAQ: 13,021.10… +37.29

U.S. Dollar Index: 105.64… -0.52