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Nov
06
2024

Texas Daily Ag Market News Summary

Posted 19 days ago by Administrator Account

Daily Market Summary for November 6th

 
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 Wednesday that negotiated cash trading has been at a standstill in all regions. 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:              15
Week Ago:        16,987
Year Ago:            6,745
Formula Net - Dressed Steers & Heifers:
Head count priced today:  15,300
Weighted avg. weight:            893
Weighted avg. net price:   303.76
-
Cattle Slaughter under Federal Inspection
Wednesday           125,000
Week Ago               124,000
Year Ago                 125,464
Week to Date        369,000
Last Week WTD    369,334
Last Year WTD      373,798
Tuesday
Steers & Heifers:   100,000
Cows & Bulls:           24,000
-
Boxed Beef:
Cutout Values:
Choice: 315.59… -1.62
Select:  283.20… -2.04
Choice/Select Spread: 32.39
Total Load Count: 131
-
Cutter Cow Cutout:
269.09… -4.06
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CME Feeder Cattle Index for November 4th:
250.72… -0.01 / -0.00%
1 Year Change: +4.94%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 185.40… +0.63
February: 186.72… +0.77
April: 187.80… +0.80
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Feeder Cattle:
November: 247.70… +1.55
January: 244.02… +1.67
March: 241.75… +1.25
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December Lean Hogs: 82.12… +1.00
November Crude Oil: 71.98... -0.01
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December Corn: 4.2625… +0.0775
December Wheat: 5.7325… +0.0075
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Grain Cash Bids:
Omaha Corn: 4.03… +0.1000
Kansas City Wheat: 5.14… -0.03
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Financial Markets:
DJIA: 43,728.88… +1,500.64
S & P 500: 5,928.91… +145.55
NASDAQ: 18,983.47… +544.85
U.S. Dollar Index: 105.10… -1.68