Nov 04 2020

Texas Daily Ag Market News Summary Posted 4 years 24 days ago by Administrator Account

Daily Market Summary for November 4^th

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 Wednesday, in the Texas Panhandle negotiated cash trading has been slow on moderate demand. In Kansas negotiated cash trading and demand have been moderate. Compared to last week in the Southern Plains live purchases have traded 1.00 higher at 107.00. So far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend in these regions. 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:     19,457

Week Ago:        5,228

Year Ago:            336

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   8,500

Weighted avg. weight:       910 lbs.

Weighted avg. net price:    169.51

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               119,000

Week ago (est)                  118,000

Year ago (act)                    120,000

Week to Date                    359,000

Same Period Last Week   350,000

Same Period Last year     356,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 210.19… +0.75

Select:  197.05… +1.60

Choice/Select Spread: 13.14

Total Load Count: 166

            

Cutter Cow Cutout:

163.78… -0.13

   

CME Feeder Cattle Index for November 3^rd:

138.57… +0.55

            

Futures Settlements…

Live Cattle:

December: 107.87… +0.05

February: 110.77… +0.47

April: 114.67… +0.97

   

Feeder Cattle:

November: 137.70… +1.58

January: 135.15… +1.98

March: 134.87… +1.72

     

December Hogs: 66.35… +0.95

December Crude Oil: 39.15… +1.49

   

December Corn: 4.0525… +0.0425

December Wheat: 6.0600… -0.0200

   

Grain Cash Bids:

Kansas City Corn: 4.04… +0.04

Kansas City Wheat: 5.30… +0.03

   

Financial Markets:

DJIA: 27,847.66… +367.56

S & P 500: 3,443.44… +74.28

NASDAQ: 11,590.78… +430.21

U.S. Dollar Index: 93.46… -0.09