Oct 30 2023

Texas Daily Ag Market News Summary Posted 1 years 28 days ago by Administrator Account

Daily Market Summary for October 30th

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As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases traded from 183.00-186.00, while dressed delivered purchases traded from 290.00-291.00, mostly at 290.00. Last week in the Western Cornbelt live FOB purchases from 183.00-185.00, mostly from 183.00-184.00, while dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:      220

Week Ago:    7,120

Year Ago:          148

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,900

Weighted avg. weight:        884.00

Weighted avg. net price:    297.31

 

Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          125,000

Year Ago            126,000

Friday

Steers & Heifers:  91,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 309.28… +1.71

Select:  280.89… +0.77

Choice/Select Spread: 28.39

Total Load Count: 59

 

Cutter Cow Cutout:

230.08… -1.26

 

CME Feeder Cattle Index for October 27th:

236.53… -3.20 / -1.33%

1 Year Change: +33.27%

52 Week Range: 173.63 to 254.09

 

Futures Settlements…

Live Cattle:

October: 184.12… +0.12

December: 183.25… +1.03

February: 183.97… +1.02

 

Feeder Cattle:

November: 237.67… +0.77

January: 236.87… +1.17

March: 239.37… +0.80

 

December Lean Hogs: 71.17… +0.70

December Crude Oil: 82.31… -3.23

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December Corn: 4.7825… -0.0250

December Wheat: 5.6600… -0.0950

 

Grain Cash Bids:

Omaha Corn: 4.77… +0.02

Kansas City Wheat: 5.70… 0.02

 

Financial Markets:

DJIA: 32,928.37… +509.73

S & P 500: 4,166.79… +49.21

NASDAQ: 12,789.48… +146.47

U.S. Dollar Index: 106.14… -0.42