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Nov
04
2024

Texas Daily Ag Market News Summary

Posted 21 days ago by Administrator Account

Daily Market Summary for November 4th

 
The Daily Market News Report is brought to you by The Cattle Range.

Please visit their website for more information!


Fed Cattle: 
USDA reported at 3:00 PM on Monday that negotiated cash trade in all regions. Last week in the Southern Plains live FOB purchases traded at 190.00. For the previous week in Nebraska and the Western Cornbelt, live FOB and dressed delivered purchases traded at 190.00 and from 296.00-298.00, respectively.
Negotiated Sales:
Confirmed:             26
Week Ago:            277
Year Ago:              261
Formula Net - Dressed Steers & Heifers:
Head count priced today:  37,900
Weighted avg. weight:             925
Weighted avg. net price:    303.22
-
Cattle Slaughter under Federal Inspection
Monday                  120,000
Week Ago               121,000
Year Ago                 122,687
Week to Date        120,000
Last Week WTD    121,000
Last Year WTD      122,687
Friday
Steers & Heifers:     97,000
Cows & Bulls:           22,000
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Boxed Beef:
Cutout Values:
Choice: 316.91… +0.57
Select:  287.16… +2.13
Choice/Select Spread: 29.75
Total Load Count: 103
-
Cutter Cow Cutout:
273.92… +0.76
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CME Feeder Cattle Index for October 31st:
251.00… +0.02 / +0.01%
1 Year Change: +5.06%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 185.07… -0.85
February: 185.92… -0.98
April: 186.87… -0.83
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Feeder Cattle:
November: 246.35… -0.52
January: 242.42… -0.78
March: 240.25… -0.90
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December Lean Hogs: 83.22… -0.85
November Crude Oil: 71.63… +2.14
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December Corn: 4.1650… +0.0200
December Wheat: 5.6875… -0.0075
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Grain Cash Bids:
Omaha Corn: 3.92… +0.03
Kansas City Wheat: 5.11… +0.04
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Financial Markets:
DJIA: 41,794.60… -252.79
S & P 500: 5,712.74… -16.07
NASDAQ: 18,179.98… -29.94
U.S. Dollar Index: 103.91… +0.37