Nov 03 2023

Texas Daily Ag Market News Summary Posted 1 years 23 days ago by Administrator Account

Daily Market Summary for November 3rd

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week live FOB purchases traded at 185.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In both regions a few live FOB and dressed delivered purchases traded at 185.00 and 292.00, respectively. However, not enough purchases for a full market trend. In Nebraska last week live FOB purchases traded from 183.00-186.00 and dressed delivered purchases traded mostly at 290.00. In the Western Cornbelt last week live FOB purchases traded mostly from 183.00-184.00 and dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:  27,770

Week Ago:   15,041

Year Ago:       4,309

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,100

Weighted avg. weight:         873.00

Weighted avg. net price:     294.64

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Cattle Slaughter under Federal Inspection

Friday                 122,000

Week Ago          118,000

Year Ago            125,000

Week to Date    618,000

Last Week          620,000

Last Year            638,000 

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 302.34… -2.19

Select:  272.01… -2.13

Choice/Select Spread: 30.33

Total Load Count: 151

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Cutter Cow Cutout:

231.69... +0.79

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CME Feeder Cattle Index for November 2nd:

237.62… -0.18 / -0.08%

1 Year Change: +33.77%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 183.87… -0.80

December: 185.22… -1.20

February: 187.82… -0.95

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Feeder Cattle:

November: 240.60… -2.02

January: 239.75… -2.42

March: 242.35… -2.07

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December Lean Hogs: 71.75… -1.52

December Crude Oil: 80.51… -1.95

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December Corn: 4.7725… +0.0725

December Wheat: 5.7250… +0.0700

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Grain Cash Bids:

Omaha Corn: 4.77… +0.07

Kansas City Wheat: 5.69… +0.02

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Financial Markets:

DJIA: 34,060.40… +219.67

S & P 500: 4,358.28… +40.39

NASDAQ: 13,477.39… +183.20

U.S. Dollar Index: 105.13… -0.93

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