Nov 05 2019

Texas Daily Market News Summary for 5 November Posted 5 years 23 days ago by Administrator Account

Daily Market Summary for November 5th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains at 112.00. Last week in Nebraska, live purchases traded mostly at 115.00 with dressed purchases mostly at 180.00. In the Western Cornbelt last week, live purchases traded mostly from 113.00-114.00 with dressed purchases mostly at 180.00.

    

Negotiated Sales:

Confirmed: 233 --- Week Ago: 413 --- Year Ago: 2,332

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 18,200

Weighted avg weight:            889

Weighted avg net price:   178.08

           

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Monday saw no new trade to report. This week's showlist has been compiled with volumes larger than the previous week. Last week on a cash to cash basis Alberta fed prices were at a 6.00 premium against the Nebraska market. One slaughter plant in Ontario remains idle and has not been operating for over one month. Fed cattle in Eastern Canada are starting to back up. There have been rumblings fed cattle from eastern Canada are being shipped west to Alberta to be slaughtered.  

  

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves    Hogs         Sheep

Tuesday (est)          119,000    2,000     491,000      8,000

Week ago (est)       113,000    2,000     490,000      9,000

Year ago (act)          122,000    3,000     475,000      9,000

Week to date (est)   234,000    4,000     982,000    17,000

Last Week (est)       231,000    4,000     981,000    18,000

Last Year (act)         243,000    5,000     952,000    18,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls 

                         Monday           90,000                    25,000

                                                                                        

Boxed Beef: 

Boxed beef cutout values higher on Choice and weak on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to firm. Choice loin cuts firm while Select lower. Beef trimmings sharply higher on good demand and light offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     236.05     209.82

Change from prior day:       +1.24        -0.56

Choice/Select spread:          26.23

Total Load Count (Cuts, Trimmings, Grinds): 115

  

Cutter Cow Cutout: 173.78… -5.06

  

CME Feeder Cattle Index: 146.24… -0.21

  

Futures…

Live Cattle:

December: 119.45… -0.62

February: 124.67… +0.07

April: 125.82… +0.25

Feeder Cattle:

November: 147.85… -1.22

January: 145.77… -0.23

March: 145.20… -0.10

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December Hogs: 67.27… +2.75

December Crude Oil: 57.23… +0.69

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December Corn: 3.8175… -0.0150

January Soybeans: 9.3425… -0.0375

December Wheat: 5.1525… +0.0550

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Grain Cash Bids:

Kansas City Corn: 3.82… -0.02

Kansas City Soybeans: 8.87… -0.04

Kansas City Wheat: 5.05… +0.05

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Financial Markets:

Dow Jones Industrial Average: 27,492.63… +30.52

S & P 500: 3,074.62… -3.65

NASDAQ: 8,434.68… +1.48

U.S. Dollar Index: 97.95… +0.44