Nov 12 2024

Texas Daily Ag Market News Summary Posted 13 days ago by Administrator Account

Daily Market Summary for November 12th

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Fed Cattle: 

USDA reported at 3:00 PM on Tuesday that trade was mostly at a standstill in all feeding regions. The latest established market was last week in the Southern Plains live FOB purchases traded at 187.00. For the prior week in Nebraska live FOB purchases traded from 186.00-187.00 and dressed delivered purchases traded at 294.00. For the previous week in the Western Cornbelt live FOB purchases traded from 185.00-188.00 and dressed delivered purchases traded at 294.00.

Negotiated Sales:

Confirmed:     500

Week Ago:       78

Year Ago:    1,510

Formula Net - Dressed Steers & Heifers:

Head count priced today:  26,100

Weighted avg. weight:            923

Weighted avg. net price:  308. 08

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Cattle Slaughter under Federal Inspection

Tuesday                 121,000

Week Ago              124,000

Year Ago                 127,710

Week to Date        233,000

Last Week WTD    244,000

Last Year WTD      252,183

Monday

Steers & Heifers:     88,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 308.27… +0.06

Select:  279.92… -1.92

Choice/Select Spread: 28.35

Total Load Count: 123

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Cutter Cow Cutout:

267.24… -2.83

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CME Feeder Cattle Index for November 11th:

249.64… -0.19 / -0.08%

1 Year Change: +7.88%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

December: 184.40… +0.70

February: 186.12… +0.75

April: 187.70… +0.95

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Feeder Cattle:

November: 246.82… +0.67

January: 243.57… +1.32

March: 241.72… +1.67

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December Lean Hogs: 82.35… +0.58

November Crude Oil: 68.02… -0.18

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December Corn: 4.2850… +0.0150

December Wheat: 5.5225… -0.1325

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Grain Cash Bids:

Omaha Corn: 4.04… +0.02

Kansas City Wheat: 4.87... -0.13

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Financial Markets:

DJIA: 43,911.11… -382.58

S & P 500: 5,984.01… -17.41

NASDAQ: 19,281.40… -17.36

U.S. Dollar Index: 105.97… +0.43