Nov 04 2021

Texas Daily Ag Market News Summary Posted 3 years 25 days ago by Administrator Account

Daily Market Summary for November 4^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases for a market trend. In the Southern Plains the last reportable market 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:        3,777     

Week Ago:         4,381

Year Ago:         34,811

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:        895.00

Weighted avg. net price:     205.20

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      122,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Week to Date                       487,000

Same Period Last Week     488,000

Same Period Last Year       482,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       29,000

 

Boxed Beef:

Cutout Values:

Choice: 290.22… +1.73

Select:  268.22… +0.50

Choice/Select Spread: 220

Total Load Count: 147

 

Cutter Cow Cutout:

229.72… +0.66

 

CME Feeder Cattle Index for November 3^rd:

155.81… +0.16 / +0.10%

1 Year Change: +12.98%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

December: 130.62… -1.03

February: 135.85… -0.80

April: 138.82… -0.60

 

Feeder Cattle:

November: 158.02… -1.15

January: 158.17… -1.05

March: 159.32… -0.83

 

December Hogs: 77.87… +1.92

December Crude Oil: 78.81… -2.05

December Corn: 5.5925… -0.0475

December Wheat: 7.7375… -0.0725

 

Grain Cash Bids:

Omaha Corn: 5.49… -0.05

Kansas City Wheat: 7.56… -0.05

 

Financial Markets:

DJIA: 36,126.44… -25.50

S & P 500: 4,680.44… +19.88

NASDAQ: 15,927.90… +112.64

U.S. Dollar Index: 94.32… +0.46