Nov 03 2021

Texas Daily Ag Market News Summary Posted 2 years 176 days ago by Administrator Account

Daily Market Summary for November 3^rd

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 Wednesday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. The last reportable market in the Southern Plains was on Tuesday with live purchases at 128.00. Last 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, respectively.

 

Negotiated Sales:

Confirmed:        7,396    

Week Ago:       46,287

Year Ago:         19,457

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   17,500

Weighted avg. weight:        881.00

Weighted avg. net price:    207.21

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  122,000

Week ago (est)                    122,000

Year ago (act)                      120,000

Week to Date                      365,000

Same Period Last Week     366,000

Same Period Last Year       362,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 288.49… +1.11

Select:  267.72… +1.59

Choice/Select Spread: 20.77

Total Load Count: 140

 

Cutter Cow Cutout:

229.06… -0.02

 

CME Feeder Cattle Index for November 2^nd:

155.65… -0.61 / -0.39%

1 Year Change: +12.33%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

December: 131.65… +1.70

February: 136.65… +1.43

April: 139.42… +1.25

 

Feeder Cattle:

November: 159.17… +1.50

January: 159.22… +2.20

March: 160.15… +2.15

 

December Hogs: 75.95… +1.70

December Crude Oil: 80.86… -3.05

December Corn: 5.6400… -0.0900

December Wheat: 7.8100… -0.1050

 

Grain Cash Bids:

Omaha Corn: 5.54… -0.09

Kansas City Wheat: 7.61… -0.07

 

Financial Markets:

DJIA: 36,151.94… +96.77

S & P 500: 4,660.56… +30.28

NASDAQ: 15,815.26… +168.73

U.S. Dollar Index: 93.83… -0.26