Nov 05 2020

Texas Daily Ag Market News Summary Posted 4 years 23 days ago by Administrator Account

Daily Market Summary for November 5^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Nebraska, negotiated cash trading and demand have been moderate. Live purchases traded steady at 107.00 when compared to the last market on Wednesday. Compared to last week dressed purchases, on a light test, traded 4.00-9.00 higher at 167.00. So far for Thursday in the Western Cornbelt negotiated cash trading has been slow with moderate demand. Compared to last week live purchases have moved 3.00-4.00 higher from 105.00-106.00 and dressed purchases, on a light test, have moved 2.00-9.00 higher at 167.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. The last fully reported market was on Wednesday with live trades at 107.00.

   

Negotiated Sales:

Confirmed:     34,811

Week Ago:      13,820

Year Ago:        16,740

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,300

Weighted avg. weight:       906 lbs.

Weighted avg. net price:    172.03

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  110,000

Year ago (act)                    120,000

Week to Date                    479,000

Same Period Last Week   460,000

Same Period Last year     476,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 212.55… +2.36

Select:  198.97… +1.92

Choice/Select Spread: 13.58

Total Load Count: 149

            

Cutter Cow Cutout:

164.01… +0.23

   

CME Feeder Cattle Index for November 3^rd:

138.57… +0.55

            

Futures Settlements…

Live Cattle:

December: 108.35… +0.48

February: 111.45… +0.68

April: 115.30… +0.63

   

Feeder Cattle:

November: 137.57… -0.13

January: 135.40… +0.25

March: 134.75… -0.12

     

December Hogs: 67.42… +1.07

December Crude Oil: 38.79… -0.36

   

December Corn: 4.0925… +0.0400

December Wheat: 6.0925… +0.0325

   

Grain Cash Bids:

Kansas City Corn: 4.08… +0.04

Kansas City Wheat: 5.33… +0.03

   

Financial Markets:

DJIA: 28,390.24… +542.58

S & P 500: 3,510.44… +67.00

NASDAQ: 11,890.93… +300.15

U.S. Dollar Index: 92.59… -0.82