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Nov
05
2024

Texas Daily Ag Market News Summary

Posted 20 days ago by Administrator Account

Daily Market Summary for November 5th

 
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 Tuesday that negotiated cash trade in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. The last reported market in all regions was last week. In the Southern Plains live FOB purchases traded at 190.00. In Nebraska and Western Cornbelt live FOB and dressed delivered purchases traded at 190.00 and from 296.00-298.00, respectively.
Negotiated Sales:
Confirmed:             78
Week Ago:         6,496
Year Ago:             313
Formula Net - Dressed Steers & Heifers:
Head count priced today:  23400
Weighted avg. weight:           921
Weighted avg. net price:   307.96
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Cattle Slaughter under Federal Inspection
Tuesday                 124,000
Week Ago              124,000
Year Ago                 125,647
Week to Date        244,000
Last Week WTD    248,334
Last Year WTD      122,687
Monday
Steers & Heifers:     97,000
Cows & Bulls:           23,000
-
Boxed Beef:
Cutout Values:
Choice: 317.21… +0.30
Select:  285.24… -1.92
Choice/Select Spread: 31.97
Total Load Count: 142
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Cutter Cow Cutout:
273.15… -0.77
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CME Feeder Cattle Index for November 4th:
250.73… -0.27 / -0.11%
1 Year Change: +4.94%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 184.77… -0.30
February: 185.95… +0.03
April: 187.00… +0.13
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Feeder Cattle:
November: 246.15… -0.20
January: 242.35… -0.07
March: 240.50… +0.25
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December Lean Hogs: 81.12… -2.10
November Crude Oil: 72.13… +0.66
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December Corn: 4.1850… +0.0200
December Wheat: 5.7250… +0.0375
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Grain Cash Bids:
Omaha Corn: 3.93… +0.01
Kansas City Wheat: 5.17… +0.06
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Financial Markets:
DJIA: 42,228.24… +433.64
S & P 500: 5,783.36… +70.62
NASDAQ: 18,438.62… +258.54
U.S. Dollar Index: 103.45… -0.44