Nov 08 2022

Texas Daily Ag Market News Summary Posted 2 years 19 days ago by Administrator Account

Daily Market Summary for November 8th

The Daily Market News Report 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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 149.00-150.00. For the prior week in Kansas live purchases traded at 150.00. For the previous week in Nebraska live and dressed purchases traded at 153.00 and 242.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded at 153.00 and from 240.00-242.00, respectively.

 

Negotiated Sales:

Confirmed:    1,644

Week Ago:        350

Year Ago:       2,626

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,200

Weighted avg. weight:         883.00

Weighted avg. net price:     244.50

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       129,000

Week ago (est)                     128,000

Year ago (act)                       124,000

Week to Date                       252,000

Same Period Last Week     256,000

Same Period Last Year       244,000

Monday:

Steers & Heifers:            98,000

Cows & Bulls:                  25,000

 

Boxed Beef:

Cutout Values:

Choice: 264.94… +0.39

Select:  236.05… +0.13

Choice/Select Spread: 28.89

Total Load Count: 115

 

Cutter Cow Cutout:

195.49… -0.96

 

CME Feeder Cattle Index for November 7th:

176.59… -0.32 / -0.18%

1 Year Change: +14.03%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 153.05… Unchanged

February: 154.77… -0.25

April: 158.25… -0.30

 

Feeder Cattle:

November: 178.27… +0.05

January: 179.90… -0.02

March: 182.15… -0.10

 

December Hogs: 85.57… -1.48

December Crude Oil: 88.91… -2.88

 

December Corn: 6.6750… -0.0825

December Wheat: 8.2775… -0.1800

 

Grain Cash Bids:

Omaha Corn: 7.04… -0.03

Kansas City Wheat: 8.96… -0.13

 

Financial Markets:

DJIA: 33,161.09… +331.91

S & P 500: 3,828.14… +20.60

NASDAQ: 10,616.20… +51.43

U.S. Dollar Index: 109.61… -0.53