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Sep
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Texas Daily Ag Market News Summary

Posted 200 days ago ago by Administrator Account

Daily Market Summary for September 29th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in all major feeding regions live purchases moved at 105.00. In Nebraska and Western Cornbelt dressed purchases moved at165.00.

   

Negotiated Sales:

Confirmed:              640

Week Ago:            1,570

Year Ago:                114

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,000

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    170.30

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  121,000

Year ago (act)                    118,000

Week to Date                    238,000

Same Period Last Week   241,000

Same Period Last year     234,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 217.16… -0.56

Select:  206.99… +0.57

Choice/Select Spread: 10.17

Total Load Count: 134

            

Cutter Cow Cutout:

173.66… -0.17

   

CME Feeder Cattle Index for September 28th:

142.36… -0.25

            

Futures Settlements…

Live Cattle:

October: 108.90… +0.95

December: 113.12… +1.47

February: 116.22… +1.20

   

Feeder Cattle:

October: 142.92… +2.00

November: 143.77… +2.67

January: 141.67… +2.52

     

October Hogs: 72.37… -0.33

November Crude Oil: 39.29… -1.31

   

December Corn: 3.6475… -0.0200

December Wheat: 5.4950… -0.0075

   

Grain Cash Bids:

Kansas City Corn: 3.58… -0.02

Kansas City Wheat: 4.44… -0.07

   

Financial Markets:

DJIA: 27,452.66… -130.80

S & P 500: 3,335.48… -16.21

NASDAQ: 11,085.25… -32.28

U.S. Dollar Index: 93.88… -0.39