Nov 10 2022

Texas Daily Ag Market News Summary Posted 2 years 17 days ago by Administrator Account

Daily Market Summary for November 10th

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 Thursday in the Texas Panhandle, Nebraska and Western Cornbelt, negotiated cash trading and demand has been light. In the Texas Panhandle a few live purchases traded at 149.00. In Nebraska a few live purchases traded from 153.00-153.50. In the Western Cornbelt a few live purchases traded from 153.00-154.00. In Kansas negotiated cash trading has been mostly inactive on very light demand. However, not enough purchase in any region for a full market trend. The last reported market was on Wednesday in all regions. In the Southern Plains live purchases traded at 150.00. In Nebraska and the Western Cornbelt live and dressed purchases traded at 153.00 and 242.00, respectively.

Negotiated Sales:

Confirmed:    20,680

Week Ago:     28,917

Year Ago:          5,187

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:         887.00

Weighted avg. net price:     244.39

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     129,000

Week ago (est)                     128,000

Year ago (act)                       116,000

Week to Date                       510,000

Same Period Last Week     513,000

Same Period Last Year       483,000

Wednesday:

Steers & Heifers:          100,000

Cows & Bulls:                 29,000

 

Boxed Beef:

Cutout Values:

Choice: 263.27… -1.40

Select:  236.88… +1.61

Choice/Select Spread: 26.44

Total Load Count: 95

 

Cutter Cow Cutout:

194.48… -1.40

 

CME Feeder Cattle Index for November 9th:

175.51… -0.79 / -0.45%

1 Year Change: +12.89%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 153.07… +1.50

February: 155.02… +0.87

April: 158.50… +0.73

 

Feeder Cattle:

November: 178.62… +0.90

January: 181.70… +2.05

March: 183.80… +2.00

 

December Hogs: 84.87… -0.40

December Crude Oil: 86.47… -0.40

 

December Corn: 6.5325… -0.1125

December Wheat: 8.0350… -0.0300

 

Grain Cash Bids:

Omaha Corn: 6.94… -0.04

Kansas City Wheat: 8.76… -0.06

 

Financial Markets:

DJIA: 33,709.47… +1,195.20

S & P 500: 3,955.59… +206.75

NASDAQ: 11,109.19… +750.73

U.S. Dollar Index: 108.05… -2.50