Nov 01 2022

Texas Daily Ag Market News Summary Posted 2 years 26 days ago by Administrator Account

Daily Market Summary for November 1st

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

---

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 150.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 152.00-153.00 and at 240.00, respectively.

Negotiated Sales:

Confirmed:          350

Week Ago:           208

Year Ago:          1,373

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         882.00

Weighted avg. net price:     240.74

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     129,000

Year ago (act)                       123,000

Week to Date                       256,000

Same Period Last Week     255,000

Same Period Last Year       244,000

Monday:

Steers & Heifers:          101,000

Cows & Bulls:                  27,000

 

Boxed Beef:

Cutout Values:

Choice: 262.63… -1.02

Select:  232.73… -1.73

Choice/Select Spread: 29.90

Total Load Count: 132

 

Cutter Cow Cutout:

197.63… -0.97

 

CME Feeder Cattle Index for October 31st:

176.97… -0.51 / -0.29%

1 Year Change: +13.29%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.95… -0.52

February: 155.25… -0.57

April: 158.87… -0.20

 

Feeder Cattle:

November: 176.92… -0.70

January: 178.20… -1.25

March: 180.70… -0.87

 

December Hogs: 85.20… +0.28

December Crude Oil: 88.37… +1.84

 

December Corn: 6.9775… +0.0625

December Wheat: 9.0250… +0.2025

 

Grain Cash Bids:

Omaha Corn: 7.28… +0.07

Kansas City Wheat: 9.55… +0.11

 

Financial Markets:

DJIA: 32,650.83… -83.57

S & P 500: 3,855.79… -16.72

NASDAQ: 10,894.74… -104.13

U.S. Dollar Index: 111.54… -0.01