Sep 17 2021

Texas Daily Ag Market News Summary Posted 2 years 215 days ago by Administrator Account

Daily Market Summary for September 17^th

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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 purchases for a market trend in any region. The last reported market in these regions was on Wednesday. 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:     1,862      

Week Ago:      2,060

Year Ago:        7,953

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,100

Weighted avg. weight:       870.00

Weighted avg. net price:    200.67

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           118,000

Week ago (est)                     121,000

Year ago (act)                       112,000

Week to Date                       593,000

Same Period Last Week    486,000

Same Period Last Year       592,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 314.47… -3.53

Select:  279.75… -0.52

Choice/Select Spread: 34.72

Total Load Count: 155

 

Cutter Cow Cutout:

235.23… +0.13

 

CME Feeder Cattle Index for September 16^th:

154.60… +0.58 / +0.38%

1 Year Change: +8.74%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 122.80… -0.80

December: 127.52… -1.05

February: 131.55… -1.10

 

Feeder Cattle:

September: 154.87… -1.00

October: 156.37… -0.73

November: 156.10… -1.20

 

October Hogs: 85.72… +0.25

October Crude Oil: 71.97… -0.64

December Corn: 5.2725… -0.0225

December Wheat: 7.0875… -0.0425

 

Grain Cash Bids:

Omaha Corn: 5.92… -0.02

Kansas City Wheat: 6.77… -0.07

 

Financial Markets:

DJIA: 34,582.90… -168.22

S & P 500: 4,432.85… -41.05

NASDAQ: 15,043.97… -137.95

U.S. Dollar Index: 93.19… +0.26