Nov 08 2021

Texas Daily Ag Market News Summary Posted 3 years 21 days ago by Administrator Account

Daily Market Summary for November 8^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Monday negotiated cash trading has been limited on very light demand in the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded from 128.00-130.00. Last week in Nebraska, live and dressed purchases traded at 130.00 and from 202.00-204.00, respectively. For the previous week in the Western Cornbelt, live and dressed purchases traded from 128.00-130.00 and from 202.00-204.00, respectively.

 

Negotiated Sales:

Confirmed:        2,490    

Week Ago:           145

Year Ago:             106

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,400

Weighted avg. weight:       872.00

Weighted avg. net price:    202.32

         

Cattle Slaughter under Federal Inspection:

Monday (est)                        121,000

Week ago (est)                     121,000

Year ago (act)                       118,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:       24,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 288.65… -0.89

Select:  268.60… +1.08

Choice/Select Spread: 20.05

Total Load Count: 103

                  

Cutter Cow Cutout:

230.69… -0.44

            

CME Feeder Cattle Index for November 5^th:

154.62… -0.65 / -0.42%

1 Year Change: +14.04%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 132.10… +0.30

February: 137.12… Unchanged

April: 140.40… +0.40

         

Feeder Cattle:

November: 158.57… -0.30

January: 160.30… +0.70

March: 161.40… +0.63

         

December Hogs: 76.37… -0.18

December Crude Oil: 81.93… +0.66

         

December Corn: 5.5150… -0.0150

December Wheat: 7.6800… +0.0150

    

Grain Cash Bids:

Omaha Corn: 5.42… -0.01

Kansas City Wheat: 7.51… +0.02

        

Financial Markets:

DJIA: 36,431.39… +102.32

S & P 500: 4,702.27… -4.68

NASDAQ: 15,984.53… +12.94