Sep 10 2021

Texas Daily Ag Market News Summary Posted 2 years 222 days ago by Administrator Account

Daily Market Summary for September 10^th

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

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive with light demand in all feeding regions. Not enough purchase for a full market trend. In the Texas Panhandle on Wednesday live purchases traded from 123.00-124.00. In Kansas on Thursday live purchases traded at 123.00. In Nebraska on Thursday live and dressed purchases traded from 124.00-125.00 and at 198.00, respectively. In the Western Cornbelt on Thursday live purchases traded from 124.00-127.00 and on Wednesday dressed purchases traded at 203.00.

 

Negotiated Sales:

Confirmed:      2,060         

Week Ago:       1,957

Year Ago:        7,953

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:       875.00

Weighted avg. net price:    203.85

 

Cattle Slaughter under Federal Inspection:

Friday (est)                          121,000

Week ago (est)                    114,000

Year ago (act)                      119,000

Week to Date                      486,000

Same Period Last Week     590,000

Same Period Last Year       485,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 327.22… -5.36

Select:  293.37… -3.08

Choice/Select Spread: 33.85

Total Load Count: 141

 

Cutter Cow Cutout:

235.54… +1.23

 

CME Feeder Cattle Index for September 9^th:

155.00… -1.83 / -1.17%

1 Year Change: +9.94%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.42… -0.33

December: 128.22… -0.58

February: 132.02… -0.88

 

Feeder Cattle:

September: 154.25… -1.50

October: 157.72… -1.53

November: 159.12… -2.10

 

October Hogs: 82.45… -3.02

October Crude Oil: 69.72… +1.58

December Corn: 5.1750… +0.0750

December Wheat: 6.8850… -0.0375

 

Grain Cash Bids:

Omaha Corn: 5.67… +0.02

Kansas City Wheat: 6.47… Unchanged

 

Financial Markets:

DJIA: 34,607.46… -272.77

S & P 500: 4,458.55… -34.71

NASDAQ: 15,115.49… -132.76

U.S. Dollar Index: 92.60… +0.12