Nov 13 2019

Texas Daily Ag Market Summary Posted 5 years 15 days ago by Administrator Account

Daily Market Summary for November 13th

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Slaughter Cattle: 

As of 3:00 PM Wednesday, negotiated cash trading has been moderate on light to moderate demand in the Texas Panhandle. Compared to last week the bulk of live cash trades moved steady at 115.00. In Kansas negotiated cash trading has been slow on light to moderate demand. Compared to last week live cash trades moved 1.00 higher at 115.00. So far for Wednesday in Nebraska and the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. The prior week in Nebraska live and dressed cash trades moved mostly from 114.00-115.00 and 181.00, respectively. For the previous week in the Western Cornbelt live and dressed cash trades moved mostly from 114.00-115.00 and 181.00-182.00, respectively.

    

Negotiated Sales:

Confirmed: 17,847 --- Week Ago: 336 --- Year Ago: 5,557

  

Formula Net - Dressed Steers & Heifers:

Head count priced today: 20,800

Weighted avg weight:            897

Weighted avg net price:   185.11

           

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels are unchanged from Monday. This week's showlist has been compiled with volumes smaller than the previous week. There has been a notable reduction in grid cattle which should support interest on the cash market. Based on the five-year average from the beginning of November to the beginning of December fed prices on average increase about 4.00.  

      

Livestock Slaughter under Federal Inspection:              

                                 Cattle       Calves     Hogs          Sheep

Wednesday (est)    118,000    3,000       492,000      7,000

Week ago (est)       118,000    2,000       492,000      7,000

Year ago (act)         120,000    3,000       480,000      7,000

Week to date (est)  349,000    7,000   1,428,000    24,000

Last Week (est)       352,000    6,000   1,474,000    24,000

Last Year (act)         351,000    7,000   1,404,000    24,000

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

                           Tuesday           93,000                    26,000

                                                                                               

Boxed Beef:

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     242.34     217.53

Change from prior day:      +1.84       +1.30

Choice/Select spread:        24.81

Total Load Count (Cuts, Trimmings, Grinds): 131

  

Cutter Cow Cutout: 182.82… -1.68

  

CME Feeder Cattle Index: 147.44… +0.20

  

Futures…

Live Cattle:

December: 118.10… -1.65

February: 124.10… -1.47

April: 125.67… -1.38

Feeder Cattle:

November: 145.57… -2.23

January: 142.82… -4.30

March: 143.32… -3.50

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December Hogs: 63.12… -1.60

December Crude Oil: 57.12… +0.32

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December Corn: 3.7525… -0.0250

January Soybeans: 9.1525… -0.0175

December Wheat: 5.0900… -0.0800

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Grain Cash Bids:

Kansas City Corn: 3.80… -0.03

Kansas City Soybeans: 8.70… -0.02

Kansas City Wheat: 4.99… -0.08

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Financial Markets:

Dow Jones Industrial Average: 27,783.86… +92.37

S & P 500: 3,094.03… +2.17

NASDAQ: 8,482.10… -3.99

U.S. Dollar Index: 98.34… +0.03