Nov 12 2020

Texas Daily Ag Market News Summary Posted 4 years 16 days ago by Administrator Account

Daily Market Summary for November 12^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 Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been moderate with moderate to good demand. Compared to last week, in Nebraska, live purchases have moved 3.00 higher at 110.00 and dressed purchases have moved 5.00 higher at 172.00. Compared to the prior week, in the Western Cornbelt, live purchases have moved 3.00-4.00 higher from 108.00-110.00 and dressed purchases have moved 5.00-8.00 higher at 172.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been inactive on light demand. Not enough purchases for a full market trend. Last week in the Southern Plains live purchases traded at 107.00.

 

The FCE On-Line Auction offered 1,119 head on Thursday with 780 head sold...

-       1-9 Day Delivery: 579 head total, 240 head sold, weighted avg price $111.00          

-       1-17 Day Delivery: 540 head total, 540 head sold, weighted avg price $110.69

 

Negotiated Sales:

Confirmed:   35,861

Week Ago:    34,811

Year Ago:      17,160

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,300

Weighted avg. weight:       903 lbs.

Weighted avg. net price:    172.03

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  120,000

Year ago (act)                    121,000

Week to Date                    472,000

Same Period Last Week   479,000

Same Period Last year     472,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 226.50… +3.66

Select:  208.24… -0.22

Choice/Select Spread: 18.26

Total Load Count: 90

            

Cutter Cow Cutout:

165.52… +0.10

   

CME Feeder Cattle Index for November 11^th:

136.70... +0.73

            

Futures Settlements…

Live Cattle:

December: 111.97… -0.43

February: 114.80… -0.47

April: 118.35… -0.45

   

Feeder Cattle:

November: 140.07… -0.53

January: 140.72… +0.52

March: 139.70… +0.50

     

December Hogs: 65.80… +1.00

December Crude Oil: 41.12… -0.33

   

December Corn: 4.0825… -0.0900

December Wheat: 5.8825… -0.0975

   

Grain Cash Bids:

Kansas City Corn: 4.07… -0.09

Kansas City Wheat: 5.14… -0.10

   

Financial Markets:

DJIA: 29,079.51… -318.12

S & P 500: 3,536.99… -35.67

NASDAQ: 11,709.56… -76.84

U.S. Dollar Index: 92.98… -0.06