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Nov
06
2023

Texas Daily Ag Market News Summary

Posted 119 days ago by Administrator Account

Daily Market Summary for November 6th

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


Fed Cattle: 

As of 3:00 PM Monday in Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. However not enough purchases for a market trend. Last week in all trading regions live FOB purchases traded at 185.00. Last week in Nebraska and the Western Plains dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:       269

Week Ago:        220

Year Ago:          250

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,400

Weighted avg. weight:         873.00

Weighted avg. net price:     294.94

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Cattle Slaughter under Federal Inspection

Monday             122,000

Week Ago          125,000

Year Ago            122,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 301.72… -0.62

Select:  270.36… -1.65

Choice/Select Spread: 31.36

Total Load Count: 87

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Cutter Cow Cutout:

230.16... -1.53

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CME Feeder Cattle Index for November 3rd:

238.92… +1.30 / +0.55%

1 Year Change: +35.05%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 181.82… -2.55

December: 181.97… -3.25

February: 184.60… -3.22

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Feeder Cattle:

November: 237.17… -3.43

January: 236.42… -3.33

March: 239.10… -3.25

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December Lean Hogs: 72.40... +0.65

December Crude Oil: 80.82… +0.31

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December Corn: 4.7725… Unchanged

December Wheat: 5.7575… +0.0325

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Grain Cash Bids:

Omaha Corn: 4.66… -0.01

Kansas City Wheat: 5.71… +0.02

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Financial Markets:

DJIA: 34,095.86… +35.46

S & P 500: 4,365.98… +7.70

NASDAQ: 13,518.78… +41.39

U.S. Dollar Index: 105.26… +0.24






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