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Nov
07
2024

Texas Daily Ag Market News Summary

Posted 18 days ago by Administrator Account

Daily Market Summary for November 7th

 
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 Thursday that cash trade was mostly inactive on light demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in all regions was last week, with live FOB purchases at 190.00. In Nebraska and Western Cornbelt dressed delivered purchases from 296.00-298.00, respectively.
Negotiated Sales:
Confirmed:        2,079
Week Ago:       10,552
Year Ago:         26,180
Formula Net - Dressed Steers & Heifers:
Head count priced today:  38,880
Weighted avg. weight:            939
Weighted avg. net price:    303.68
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Cattle Slaughter under Federal Inspection
Thursday               125,000
Week Ago              121,000
Year Ago                123,943
Week to Date        494,000
Last Week WTD    490,000
Last Year WTD      497,741
Wednesday
Steers & Heifers:   101,000
Cows & Bulls:          24,000
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Boxed Beef:
Cutout Values:
Choice: 309.46… -6.13
Select:  279.72… -3.48
Choice/Select Spread: 29.74
Total Load Count: 179
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Cutter Cow Cutout:
270.12… +1.03
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CME Feeder Cattle Index for November 6th:
249.92… -0.80 / -0.32%
1 Year Change: +4.62%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 185.82… +0.42
February: 187.42… +0.70
April: 188.25… +0.45
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Feeder Cattle:
November: 247.65… -0.05
January: 244.32… +0.30
March: 242.25… +0.50
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December Lean Hogs: 81.20… -0.92
November Crude Oil: 72.13
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December Corn: 4.2750… +0.0125
December Wheat: 5.7150… -0.0175
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Grain Cash Bids:
Omaha Corn: 4.04… +0.01
Kansas City Wheat: 5.09… -0.05
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Financial Markets:
DJIA: 43,728.21… -0.67
S & P 500: 5,973.09… +44.18
NASDAQ: 19,269.46… +285.99
U.S. Dollar Index: 104.39… -0.71