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Sep
16
2021

Texas Daily Ag Market News Summary

Posted 2 years 194 days ago by Administrator Account

Daily Market Summary for September 16th

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 Thursday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these feeding regions. In the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. In Nebraska live and dressed purchases traded at 125.00 and 200.00, respectively. In the Western Cornbelt live and dressed purchases traded from 123.00-124.00 and at 200.00, respectively.

 

Negotiated Sales:

Confirmed:     1,316      

Week Ago:    14,998

Year Ago:       5,169

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:       869.00

Weighted avg. net price:    205.59

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     120,000

Year ago (act)                       120,000

Week to Date                       475,000

Same Period Last Week     365,000

Same Period Last Year       480,000

Tuesday

Steers & Heifers:  93,000

Cows & Bulls:       28,000

 

Boxed Beef:

Cutout Values:

Choice: 318.00… -1.82

Select:  280.27… -3.62

Choice/Select Spread: 37.73

Total Load Count: 141

 

Cutter Cow Cutout:

235.10… +1.41

 

CME Feeder Cattle Index for September 15th:

154.20… -0.19 / -0.12%

1 Year Change: +9.67%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.60… -0.57

December: 128.57… -0.88

February: 132.65… -0.50

 

Feeder Cattle:

September: 155.87… +1.15

October: 157.10… +0.60

November: 157.30… -0.27

 

October Hogs: 85.47… +3.20

October Crude Oil: 72.61… Unchanged

December Corn: 5.2950… -0.0400

December Wheat: 7.1300… -0.0075

 

Grain Cash Bids:

Omaha Corn: 5.94… -0.04

Kansas City Wheat: 6.84… +0.04

 

Financial Markets:

DJIA: 34,751.12… -63.01

S & P 500: 4,473.90… -6.98

NASDAQ: 15,181.92… +20.39

U.S. Dollar Index: 92.88… +0.33






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