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Sep
13
2022

Texas Daily Ag Market News Summary

Posted 84 days ago ago by Administrator Account

Daily Market Summary for September 13th

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 in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and 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:          888

Week Ago:             72

Year Ago:            922

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,700

Weighted avg. weight:         880.00

Weighted avg. net price:     227.71

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     127,000

Year ago (act)                       120,000

Week to Date                       253,000

Same Period Last Week     130,000

Same Period Last Year       233,000

Monday:

Steers & Heifers:    97,000

Cows & Bulls:          28,000

 

Boxed Beef:

Cutout Values:

Choice: 256.66… -2.28

Select:  233.58… -2.18

Choice/Select Spread: 23.08

Total Load Count: 172

 

Cutter Cow Cutout:

210.83… -0.81

 

CME Feeder Cattle Index for September 12th:

180.06… -0.85 / -0.47%

1 Year Change: +16.63%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

October: 144.80… -0.95

December: 150.45… -0.90

February: 154.72… -0.83

 

Feeder Cattle:

September: 179.45… -2.07

October: 180.52… -2.60

November: 182.35… -2.45

 

October Hogs: 95.75… +3.88

October Crude Oil: 87.31… -0.47

 

December Corn: 6.9275… -0.0325

December Wheat: 8.6050… +0.0175

 

Grain Cash Bids:

Omaha Corn: 7.56… -0.04

Kansas City Wheat: 8.94… +0.07

 

Financial Markets:

DJIA: 31,104.90… -1,276.44

S & P 500: 3,932.63… -177.63

NASDAQ: 11,633.57… -632.84

U.S. Dollar Index: 109.88… +1.55