Nov 02 2021

Texas Daily Ag Market News Summary Posted 3 years 26 days ago by Administrator Account

Daily Market Summary for November 2^nd

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska negotiated cash trading has been limited on very light demand. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend in these regions. 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:        1,373    

Week Ago:         9,203

Year Ago:               35       

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,400

Weighted avg. weight:        878.00

Weighted avg. net price:    201.26

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     122,000

Year ago (act)                       122,000

Week to Date                       243,000

Same Period Last Week     244,000

Same Period Last Year       242,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 287.38… -0.20

Select:  266.13… +1.74

Choice/Select Spread: 21.25

Total Load Count: 114

 

Cutter Cow Cutout:

229.07… -0.54

 

CME Feeder Cattle Index for November 1^st:

156.26… -0.30 / -0.19%

1 Year Change: +13.21%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

December: 129.95… +1.10

February: 135.22… +1.32

April: 138.17… +1.45

 

Feeder Cattle:

November: 157.67… +3.27

January: 157.02… +4.30

March: 158.00… +3.78

 

December Hogs: 74.25… -1.90

December Crude Oil: 83.91… -0.14

December Corn: 5.7300… -0.0600

December Wheat: 7.9150… -0.0575

 

Grain Cash Bids:

Omaha Corn: 5.63… -0.06

Kansas City Wheat: 7.68… -0.09

 

Financial Markets:

DJIA: 36,055.17… +155.84

S & P 500: 4,630.28… +18.64

NASDAQ: 15,646.53… +58.23

U.S. Dollar Index: 94.09… -0.20