Agriculture Market Summary
Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

Nov
08
2024

Texas Daily Ag Market News Summary

Posted 17 days ago by Administrator Account

Daily Market Summary for November 8th

 
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 in the Southern Plains that negotiated cash trade has been light on light demand. Compared to last week, FOB purchases have traded 3.00 lower at 187.00. In Nebraska negotiated cash trade has been light to moderate on moderate demand. Compared to last week, a few live FOB purchases traded 2.00-4.00 lower from 186.00-188.00. Not enough dressed purchases for a market trend. Last week dressed delivered purchases traded from 296.00-298.00. In the Western Cornbelt negotiated cash trade has been light on light demand. A few live FOB purchases traded from 185.00-186.00, however, not enough purchases live or dressed purchases for a market trend. Last week live FOB purchases traded at 190.00 and dressed delivered purchases traded from 296.00-298.00.
Negotiated Sales:
Confirmed:    20,465
Week Ago:       2,465
Year Ago:        5,834
Formula Net - Dressed Steers & Heifers:
Head count priced today:  31,800
Weighted avg. weight:            893
Weighted avg. net price:   302.37
-
Cattle Slaughter under Federal Inspection
Friday                    116,000
Week Ago              119,000
Year Ago                112,943
Week to Date        610,000
Last Week WTD    609,000
Last Year WTD      610,246
Thursday
Steers & Heifers:     99,000
Cows & Bulls:          26,000
-
Boxed Beef:
Cutout Values:
Choice: 307.93… -1.53
Select:  279.19… -0.53
Choice/Select Spread: 28.74
Total Load Count: 151
-
Cutter Cow Cutout:
272.67… +2.55
-
CME Feeder Cattle Index for November 7th:
249.86… -0.06 / -0.02%
1 Year Change: +4.93%
52 Week Range: 215.33 to 261.88
-
Futures Settlements:
Live Cattle 
December: 183.70… -2.12
February: 185.30… -2.12
April: 186.52… -173
-
Feeder Cattle:
November: 245.42… -2.33
January: 241.42… -2.90
March: 239.37… -2.88
-
December Lean Hogs: 80.42… -0.78
November Crude Oil: 70.44… -1.92
-
December Corn: 4.3100… +0.0350
December Wheat: 5.7250… +0.0100
-
Grain Cash Bids:
Omaha Corn: 4.11… +0.05
Kansas City Wheat: 5.04… -0.05
-
Financial Markets:
DJIA: 43,991.01… +262.80
S & P 500: 5,999.70… +22.61
NASDAQ: 19,286.78… +17.32
U.S. Dollar Index: 104.95… +0.44