Nov 03 2020

Texas Daily Ag Market News Summary Posted 4 years 25 days ago by Administrator Account

Daily Market Summary for November 3^rd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 106.00, on light test. For the prior week in Nebraska live purchases traded from 103.00- 105.00 and dressed purchases, on a very light test, traded from 158.00-163.00. For the previous week in the Western Cornbelt live purchases traded from 101.00-103.00 and dressed purchases, on a very light test, traded from 158.00-165.00.

   

Negotiated Sales:

Confirmed:          35

Week Ago:         670

Year Ago:           233

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,500

Weighted avg. weight:       910 lbs.

Weighted avg. net price:    169.56

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     121,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Week to Date                    240,000

Same Period Last Week   232,000

Same Period Last year     236,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.44… +0.79

Select:  195.45… +2.83

Choice/Select Spread: 13.99

Total Load Count: 151

            

Cutter Cow Cutout:

163.90… +0.17

   

CME Feeder Cattle Index for October 30^th:

136.48... -0.28

            

Futures Settlements…

Live Cattle:

December: 107.82… -0.73

February: 110.30… -0.22

April: 113.70… -0.12

   

Feeder Cattle:

November: 136.12… -0.85

January: 133.17… -0.88

March: 133.15… -0.67

     

December Hogs: 65.40… -0.55

December Crude Oil: 37.66… +0.85

   

December Corn: 4.0100… +0.0350

December Wheat: 6.0800… +0.0050

   

Grain Cash Bids:

Kansas City Corn: 4.00… +0.03

Kansas City Wheat: 5.27… +0.04

   

Financial Markets:

DJIA: 27,480.10… +555.05

S & P 500: 3,369.16… +58.92

NASDAQ: 11,160.57… +202.96

U.S. Dollar Index: 93.55… -0.58