Nov 03 2022

Texas Daily Ag Market News Summary Posted 2 years 24 days ago by Administrator Account

Daily Market Summary for November 3rd

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 Thursday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. In the Texas Panhandle, compared to the last reported market on Wednesday, live purchases traded 1.00 higher at 150.00. In Kansas, compared to last week live purchases traded steady at 150.00. In Nebraska, compared to the prior week, dressed purchases traded 2.00 higher at 242.00, with a few up to 243.00. Not enough live purchases for a market trend. Last week live purchases traded from 152.00-153.00. In the Western Cornbelt, compared to the last reported market on Wednesday, live purchases traded steady to 1.00 lower from 152.00-153.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 240.00.

Negotiated Sales:

Confirmed:      29,917

Week Ago:       26,564

Year Ago:           3,777

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

Thursday (est)                     128,000

Week ago (est)                     128,000

Year ago (act)                       124,000

Week to Date                       513,000

Same Period Last Week     512,000

Same Period Last Year       489,000

Wednesday:

Steers & Heifers:          100,000

Cows & Bulls:                  29,000

 

Boxed Beef:

Cutout Values:

Choice: 265.18… +1.71

Select:  233.06… -0.10

Choice/Select Spread: 32.12

Total Load Count: 129

 

Cutter Cow Cutout:

194.72… -0.66

 

CME Feeder Cattle Index for November 2nd:

177.63… +0.34 / +0.19%

1 Year Change: +14.00%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.95…+0.55

February: 154.87…-0.03

April: 158.30…-0.20

 

Feeder Cattle:

November: 178.00…-0.92

January: 179.42… -0.58

March: 181.77…-0.15

 

December Hogs: 83.37… +0.07

December Crude Oil: 88.17…-1.83

 

December Corn: 6.7925… -0.0825

December Wheat: 8.4050… -0.0550

 

Grain Cash Bids:

Omaha Corn: 7.08… -0.10

Kansas City Wheat: 8.99…-0.06

 

Financial Markets:

DJIA: 31,999.34… -147.34

S & P 500: 3,719.68… -39.40

NASDAQ: 10,342.94… -180.34

U.S. Dollar Index: 112.91