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Nov
15
2024

Texas Daily Ag Market News Summary

Posted 10 days ago by Administrator Account

Daily Market Summary for November 15th

 
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 Friday that Texas Panhandle negotiated cash trading has been light on light demand. Compared to the last reported market on Thursday, live FOB purchases traded steady at 185.00. In Kansas negotiated cash trading has been at a standstill. The last reported market was Thursday with live FOB purchases at 185.00. In Nebraska and the Western Cornbelt, negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. In these regions, the last reported market was Thursday with live FOB purchases at 185.00 and dressed delivered purchases at 290.00.
Negotiated Sales:
Confirmed:     5,563
Week Ago:    20,465
Year Ago:     10,822
Formula Net - Dressed Steers & Heifers:
Head count priced today:  28,800
Weighted avg. weight:           895
Weighted avg. net price:   297.48
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Cattle Slaughter under Federal Inspection
Friday                    120,000
Week Ago              116,000
Year Ago                120,333
Week to Date        603,000
Last Week WTD    610,000
Last Year WTD      618,821
Thursday
Steers & Heifers:   100,000
Cows & Bulls:          25,000
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Boxed Beef:
Cutout Values:
Choice: 303.34… -0.46
Select:  276.14… -0.52
Choice/Select Spread: 27.20
Total Load Count: 115
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Cutter Cow Cutout:
263.21… -1.07
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CME Feeder Cattle Index for November 14th:
252.31… +1.27 / +0.51%
1 Year Change: +10.49%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 182.95… Unchanged
February: 185.25… +0.15
April: 187.40… +0.48
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Feeder Cattle:
November: 251.10… +3.48
January: 247.22… +4.02
March: 245.65… +3.93
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December Lean Hogs: 79.50… -0.60
November Crude Oil: 67.01… -1.69
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December Corn: 4.2400… +0.0500
December Wheat: 5.3650… +0.0625
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Grain Cash Bids:
Omaha Corn: 4.07… +0.03
Kansas City Wheat: 4.80… +0.07
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Financial Markets:
DJIA: 43,444.93… -305.68
S & P 500: 5,870.61… -78.56
NASDAQ: 18,680.12… -427.53
U.S. Dollar Index: 106.77… +0.10