Nov 01 2021

Texas Daily Ag Market News Summary Posted 3 years 27 days ago by Administrator Account

Daily Market Summary for November 1^st

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Slaughter Cattle:

As of 3:00 PM Monday, 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 with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 124.00-126.00. In Kansas live purchases traded at 126.00 for the prior week. For the previous week in Nebraska live and dressed purchases traded at 127.00 and at 200.00, respectively. In the Western Cornbelt last week live and dressed purchases traded from 126.00-127.00 and at 200.00.

 

Negotiated Sales:

Confirmed:        145    

Week Ago:         274

Year Ago:          149     

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,700

Weighted avg. weight:        877.00

Weighted avg. net price:    198.39

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        121,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 287.58… +1.86

Select:  264.39… +1.02

Choice/Select Spread: 23.19

Total Load Count: 82

 

Cutter Cow Cutout:

229.61... -0.06

 

CME Feeder Cattle Index for October 29^th:

156.56… +0.68 / +0.44%

1 Year Change: +14.71%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

December: 128.85… -0.42

February: 133.90… -0.32

April: 136.72… -0.50

 

Feeder Cattle:

November: 156.40… -2.17

January: 152.72… -3.40

March: 154.22… -3.18

 

December Hogs: 76.15… +0.08

December Crude Oil: 84.05… +0.48

December Corn: 5.7900… +0.1075

December Wheat: 7.9725… +0.2450

 

Grain Cash Bids:

Omaha Corn: 5.69… +0.11

Kansas City Wheat: 7.77… +0.21

 

Financial Markets:

DJIA: 35,899.33… +59.02

S & P 500: 4,611.64… +6.29

NASDAQ: 15,588.30… +86.70

U.S. Dollar Index: 93.89… -0.25