Nov 09 2022

Texas Daily Ag Market News Summary Posted 2 years 18 days ago by Administrator Account

 

Daily Market Summary for November 9th

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 Wednesday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. In the Texas Panhandle, compared to last week, live purchases traded steady to 1.00 higher at 150.00. In Kansas, compared to last week, live purchases traded steady at 150.00 and a few dressed purchases traded at 238.00. Not enough purchases in Nebraska and Western Cornbelt for a full market trend. 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:    20,944

Week Ago:       9,256

Year Ago:       34,470

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,200

Weighted avg. weight:         886.00

Weighted avg. net price:     244.81

 

Cattle Slaughter under Federal Inspection

Wednesday (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

Tuesday:

Steers & Heifers:            98,000

Cows & Bulls:                  25,000

 

Boxed Beef:

Cutout Values:

Choice: 264.67… -0.27

Select:  235.22… -0.83

Choice/Select Spread: 29.45

Total Load Count: 142

 

Cutter Cow Cutout:

195.88… +0.39

 

CME Feeder Cattle Index for November 8th:

176.59… -0.32 / -0.18%

1 Year Change: +14.03%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.57… -1.48

February: 154.15… -0.62

April: 157.77… -0.48

 

Feeder Cattle:

November: 177.72… -0.55

January: 179.65… -0.25

March: 181.80… -0.35

 

December Hogs: 85.27… -0.30

December Crude Oil: 85.83… -3.08

 

December Corn: 6.6450… -0.0300

December Wheat: 8.0650… -0.2125

 

Grain Cash Bids:

Omaha Corn: 6.98… -0.06

Kansas City Wheat: 8.82… -0.14

 

Financial Markets:

DJIA: 32,514.27… -646.82

S & P 500: 3,748.84… -79.30

NASDAQ: 10,358.46… -257.74

U.S. Dollar Index: 110.49… +0.85