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Sep
12
2022

Texas Daily Ag Market News Summary

Posted 85 days ago ago by Administrator Account

Daily Market Summary for September 12th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. 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 the Southern Plains live purchases traded at 141.00. For the previous week in Nebraska live and dressed purchases traded from 142.00 -143.00 and at 226.00, respectively. In the Western Cornbelt for the prior week live and dressed purchases traded from 143.00-146.00 and from 225.00-230.00, respectively.

Negotiated Sales:

Confirmed:          117

Week Ago:        None

Year Ago:            301

Formula Net - Dressed Steers & Heifers:

Head count priced today:   50,200

Weighted avg. weight:         873.00

Weighted avg. net price:     226.33

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                          3,000

Year ago (act)                        113,000

Friday:

Steers & Heifers:  100,000

Cows & Bulls:          27,000

 

Boxed Beef:

Cutout Values:

Choice: 258.94… +1.68

Select:  235.76… +1.03

Choice/Select Spread: 23.18

Total Load Count: 97

 

Cutter Cow Cutout:

211.64… +1.27

 

CME Feeder Cattle Index for September 9th:

180.91… -0.33 / -0.18%

1 Year Change: +16.65%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 145.75… +0.08

December: 151.35… +0.38

February: 155.55… +0.20

 

Feeder Cattle:

September: 181.52… -1.48

October: 183.12… -2.45

November: 184.80… -2.02

 

October Hogs: 91.87… -1.30

October Crude Oil: 87.78… +0.99

 

December Corn: 6.9600… +0.1100

December Wheat: 8.5875… -0.1075

 

Grain Cash Bids:

Omaha Corn: 7.60… +0.16

Kansas City Wheat: 8.87… -0.02

 

Financial Markets:

DJIA: 32,383.18… +231.47

S & P 500: 4,111.04… +43.68

NASDAQ: 12,266.82… +154.51

U.S. Dollar Index: 108.33… -0.67