Nov 02 2022

Texas Daily Ag Market News Summary Posted 2 years 25 days ago by Administrator Account

Daily Market Summary for November 2nd

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

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Texas Panhandle a few live purchases traded at 149.00. In Nebraska a few dressed purchases traded at 243.00. In the Western Cornbelt a few live purchases traded at 154.00. However, not enough purchases in any of these regions for a full market trend. In Kansas negotiated cash trading has been at a standstill. 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:       9,380

Week Ago:           910

Year Ago:          7,396

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,900

Weighted avg. weight:         874.00

Weighted avg. net price:     239.64

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 129,000

Week ago (est)                     129,000

Year ago (act)                       122,000

Week to Date                       385,000

Same Period Last Week     384,000

Same Period Last Year       366,000

Tuesday:

Steers & Heifers:          100,000

Cows & Bulls:                  28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.47… +0.84

Select:  233.16… +0.43

Choice/Select Spread: 30.31

Total Load Count: 152

 

Cutter Cow Cutout:

195.38… -2.25

 

CME Feeder Cattle Index for November 1st:

177.29… +0.51 / +0.18%

1 Year Change: +13.90%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.40… -0.55

February: 154.90… -0.35

April: 158.50… -0.37

 

Feeder Cattle:

November: 178.92… +2.00

January: 180.00… +1.80

March: 181.92… +1.22

 

December Hogs: 83.30... -1.90

December Crude Oil: 90.00… +1.63

 

December Corn: 6.8750… -0.1025

December Wheat: 8.4600… -0.5650

 

Grain Cash Bids:

Omaha Corn: 7.18… -0.10

Kansas City Wheat: 9.05… -0.50

 

Financial Markets:

DJIA: 32,146.77… -504.06

S & P 500: 3,759.08… -96.71

NASDAQ: 10,523.37… -371.37

U.S. Dollar Index: 111.96… -0.48