Oct 27 2023

Texas Daily Ag Market News Summary Posted 187 days ago by Administrator Account

Daily Market Summary for October 27th

As of 3:00 PM Friday in the Southern Plains, negotiated cash trade has been moderate on trade and demand. Compared to last week in the Texas Panhandle live FOB purchases traded mostly steady mostly at 185.00. Compared to last week in Kansas live FOB purchases traded steady to 1.00 higher mostly at 185.00, with a few up to 186.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on moderate demand. There were a few live FOB purchases at 186.00 in Nebraska, however not enough purchases for a market trend. The most recent market in Nebraska was Thursday with live FOB purchases from 183.00-185.00. There has been a few dressed delivered in Nebraska purchases from 290.00-292.00, however not enough for a market test. The most recent dressed delivered in Nebraska and the Western Cornbelt market was Wednesday with purchases at 290.00. The most recent live FOB market in the Western Plains was Thursday purchases traded from 183.00-185.00, mostly at 184.00.

Negotiated Sales:                                                                                               

Confirmed:  15,680

Week Ago:   11,203

Year Ago:     10,873

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,300

Weighted avg. weight:         897.00

Weighted avg. net price:     295.02

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Cattle Slaughter under Federal Inspection

Friday                 118,000

Week Ago          118,000

Year Ago            123,000

Week to Date    620,000

Last Week          620,000

Last Year            636,000 

Thursday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 307.57… +0.72

Select:  280.12… +0.43

Choice/Select Spread: 27.45

Total Load Count: 134

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Cutter Cow Cutout:

231.34… +3.76

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CME Feeder Cattle Index for October 26th:

239.73… -0.89 / -0.37%

1 Year Change: +36.83%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.00… +2.30

December: 182.22… +2.90

February: 182.95… +2.55

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Feeder Cattle:

November: 236.90… +0.40

January: 235.70… +0.63

March: 238.57… +0.82

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December Lean Hogs: 70.47… +1.85

December Crude Oil: 85.54… +2.33

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December Corn: 4.8075… +0.0125

December Wheat: 5.7550… -0.0400

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Grain Cash Bids:

Omaha Corn: 4.70… +0.06

Kansas City Wheat: 5.68… -0.12

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Financial Markets:

DJIA: 32,418.64… -359.53

S & P 500: 4,117.58… -19.60

NASDAQ: 12,643.01… +48.17

U.S. Dollar Index: 106.56… -0.04