Nov 10 2020

Texas Daily Ag Market News Summary Posted 4 years 18 days ago by Administrator Account

Daily Market Summary for November 10^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 Tuesday, negotiated cash trading has been at a standstill in the 5 Area Feeding Region. Last week in the Southern Plains and Nebraska live purchases traded at 107.0000 and dressed purchases, in Nebraska, traded at 167.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 105.00-106.00 and 164.-167.00, respectively.

   

Negotiated Sales:

Confirmed:         294

Week Ago:            35

Year Ago:            116

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,900

Weighted avg. weight:       891 lbs.

Weighted avg. net price:    170.06

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  121,000

Year ago (act)                    120,000

Week to Date                    237,000

Same Period Last Week   240,000

Same Period Last year     232,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 222.25… +4.86

Select:  208.55… +6.18

Choice/Select Spread: 13.70

Total Load Count: 122

            

Cutter Cow Cutout:

164.88… -0.12

   

CME Feeder Cattle Index for November 9^th:

135.85… +0.27

            

Futures Settlements…

Live Cattle:

December: 111.87… +0.05

February: 115.10… +0.03

April: 118.27… -0.10

   

Feeder Cattle:

November: 140.85… -0.77

January: 140.40… -0.32

March: 139.55… -0.40

     

December Hogs: 65.12… -0.48

December Crude Oil: 41.36… +1.07

   

December Corn: 4.2300… +0.1550

December Wheat: 6.0850… +0.1100

   

Grain Cash Bids:

Kansas City Corn: 4.22… +0.15

Kansas City Wheat: 5.32… +0.09

   

Financial Markets:

DJIA: 29,420.92… +262.95

S & P 500: 3,545.53… -4.99

NASDAQ: 11,553.86… -159.92

U.S. Dollar Index: 92.82… +0.09