Nov 05 2021

Texas Daily Ag Market News Summary Posted 3 years 23 days ago by Administrator Account

Daily Market Summary for November 5^th

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Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading and demand has been moderate. Compared to the last reported market on Tuesday live purchases traded 2.00 higher at 130.00. In Nebraska negotiated cash trading has been moderate on good demand. Compared to last week live purchases traded 3.00 higher at 130.00 and dressed purchases traded 4.00 higher at 204.00. In the Western Cornbelt negotiated cash trading has been slow on moderate demand. Compared to last week live purchases traded 3.00-4.00 higher at 130.00 and dressed purchases traded 4.00 higher at 204.00. A light test was noted in the Western Cornbelt.

 

Negotiated Sales:

Confirmed:      44,868     

Week Ago:        1,246

Year Ago:          5,846

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,500

Weighted avg. weight:       864.00

Weighted avg. net price:    202.48

         

Cattle Slaughter under Federal Inspection:

Friday (est)                           118,000

Week ago (est)                     120,000

Year ago (act)                       111,000

Week to Date                       605,000

Same Period Last Week     608,000

Same Period Last Year       593,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 289.54… -0.68

Select:  267.52… -0.70

Choice/Select Spread: 22.02

Total Load Count: 101

                  

Cutter Cow Cutout:

231.13… +1.41

            

CME Feeder Cattle Index for November 4^th:

155.27... -0.54 / -0.35%

1 Year Change: +13.64%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 131.80… +1.18

February: 137.12… +1.27

April: 140.00… +1.18

         

Feeder Cattle:

November: 158.87… +0.85

January: 159.60… +1.43

March: 160.77… +1.45

         

December Hogs: 76.55… -1.32

December Crude Oil: 81.27… +2.46

         

December Corn: 5.5300… -0.0625

December Wheat: 7.6650… -0.0725

    

Grain Cash Bids:

Omaha Corn: 5.43… -0.06

Kansas City Wheat: 7.49… -0.07

        

Financial Markets:

DJIA: 36,329.07… +202.63

S & P 500: 4,697.29… +17.15

NASDAQ: 15,971.59… +43.69

U.S. Dollar Index: 94.24… -0.11