Texas Daily Ag Market News Summary

Daily Market Summary for November 4th

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

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: -0.31%

Change from 10 Days Ago: +0.05%

    

 60-Day Index Trendline

Change from 60 Days Ago: -1.47%​

Change from 60 Day High: -1.68%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Thursday Regional Auction Reports

 

Slaughter Cattle:

As of 3:00 PM Friday in the Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any of these regions for a market trend. Thursday was the last reported market in these regions. In the Southern Plains live purchases traded at 150.00. In Nebraska live and dressed purchases traded at 153.00 and 242.00, respectively. In the Western Cornbelt live and dressed purchases traded from 152.00-153.00 and 240-242.00, respectively.

Negotiated Sales:

Confirmed:        3,989

Week Ago:       10,873

Year Ago:         44,868

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         874.00

Weighted avg. net price:     242.58

 

Cattle Slaughter under Federal Inspection

Friday (est)                          125,000

Week ago (est)                     124,000

Year ago (act)                       119,000

Week to Date                       638,000

Same Period Last Week        636,000

Same Period Last Year          608,000

Thursday:

Steers & Heifers:                   99,000

Cows & Bulls:                        29,000

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Boxed Beef:

Cutout Values:

Choice: 263.75… -1.43

Select:  231.90… -1.16

Choice/Select Spread: 31.85

Total Load Count: 119

 

Cutter Cow Cutout:

196.73…+2.01

 

CME Feeder Cattle Index for November 3rd:

176.99… -0.64 / -0.36%

1 Year Change: +13.99%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.65… -0.30

February: 154.37… -0.50

April: 158.00… -0.30

 

Feeder Cattle:

November: 177.82… -0.18

January: 179.62… +0.20

March: 181.62…-0.15

 

December Hogs: 82.97… -0.40

December Crude Oil: 92.61… +4.44

 

December Corn: 6.8100… +0.0175

December Wheat: 8.4775… +0.0725

 

Grain Cash Bids:

Omaha Corn: 7.11… +0.03

Kansas City Wheat: 9.05… +0.06

 

Financial Markets:

DJIA: 32,404.80…+405.46

S & P 500: 3,770.59… +50.91

NASDAQ: 10,475.26…+132.32

U.S. Dollar Index: 110.74… -2.19

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Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.