Nov 09 2021

Texas Daily Ag Market News Summary Posted 3 years 19 days ago by Administrator Account

Daily Market Summary for November 9^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. 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:        2,626    

Week Ago:         1,373

Year Ago:            294

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:       878.00

Weighted avg. net price:    205.03

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     122,000

Year ago (act)                       121,000

Week to Date                       243,000

Same Period Last Week     243,000

Same Period Last Year       239,000

Monday

Steers & Heifers:  96,000

Cows & Bulls:       25,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 287.80... -0.85

Select:  270.62... +2.02

Choice/Select Spread: 17.18

Total Load Count: 200

                  

Cutter Cow Cutout:

230.23... -0.46

            

CME Feeder Cattle Index for November 8^th:

154.84… +0.24 / +0.16%

1 Year Change: +13.99%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 132.20… +0.10

February: 136.70… -0.42

April: 140.25… -0.15

         

Feeder Cattle:

November: 157.90… -0.67

January: 159.80… -0.50

March: 161.02… -0.38

         

December Hogs: 74.95… -1.42

December Crude Oil: 84.15… +2.22

         

December Corn: 5.5475… +0.0325

December Wheat: 7.7850… +0.1050

    

Grain Cash Bids:

Omaha Corn: 5.45… +0.03

Kansas City Wheat: 7.64… +0.13

        

Financial Markets:

DJIA: 36,312.15… -119.24

S & P 500: 4,685.38… -16.89

NASDAQ: 15,888.94… -95.59

U.S. Dollar Index: 93.97… -0.08