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Nov
13
2024

Texas Ag Daily Market Summary

Posted 12 days ago by Administrator Account

Daily Market Summary for November 13th

 
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 trade has been at a standstill in the Southern Plains. The latest established market was last week in the Southern Plains live FOB purchases traded at 187.00. In Nebraska negotiated cash trade has been light on light demand. A few dressed delivered and dressed FOB purchases traded at 290.00. However, not enough for a full market trend. For the prior week in Nebraska live FOB purchases traded from 186.00-187.00 and dressed delivered purchases traded at 294.00. In the Western Cornbelt, negotiated cash trade has been inactive on very light demand. 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:   3,127
Week Ago:         15
Year Ago:   19,498
Formula Net - Dressed Steers & Heifers:
Head count priced today:  19,200
Weighted avg. weight:            906
Weighted avg. net price:   304.23
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Cattle Slaughter under Federal Inspection
Wednesday           125,000
Week Ago              125,000
Year Ago                124,235
Week to Date        358,000
Last Week WTD    369,000
Last Year WTD      376,418
Tuesday
Steers & Heifers:     97,000
Cows & Bulls:           24,000
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Boxed Beef:
Cutout Values:
Choice: 306.94… -1.33
Select:  278.66… -1.26
Choice/Select Spread: 28.28
Total Load Count: 134
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Cutter Cow Cutout:
266.41… -0.83
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CME Feeder Cattle Index for November 12th:
249.02… -0.62 / -0.25%
1 Year Change: +7.61%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 184.02… -0.38
February: 186.07… -0.05
April: 187.67… -0.03
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Feeder Cattle:
November: 246.47… -0.35
January: 243.65… +0.08
March: 242.20… +0.48
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December Lean Hogs: 81.87… -0.48
November Crude Oil: 67.97… -0.15
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December Corn: 4.2650… -0.0200
December Wheat: 5.4100… -0.1125
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Grain Cash Bids:
Omaha Corn: 4.11… +0.07
Kansas City Wheat: 4.81… -0.06
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Financial Markets:
DJIA: 43,958.19… +47.19
S & P 500: 5,985.38… +1.37
NASDAQ: 19,230.74… -50.66
U.S. Dollar Index: 106.49… +0.47