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Nov
07
2023

Texas Daily Ag Market News Summary

Posted 118 days ago by Administrator Account

Daily Market Summary for November 7th

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 Tuesday in Southern Plains, negotiated cash trade has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive on light demand. However not enough purchases for a market trend. In the Western Cornbelt negotiated cash trading has been slow 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:     2,311

Week Ago:         367

Year Ago:         1,644

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,200

Weighted avg. weight:         891.00

Weighted avg. net price:     299.58

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago          125,000

Year Ago            128,000

Week to Date    247,000

Last Week          250,000

Last Year            250,000 

Monday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 300.38… -1.34

Select:  269.48… -0.88

Choice/Select Spread: 30.90

Total Load Count: 207

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Cutter Cow Cutout:

230.09... -0.07

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CME Feeder Cattle Index for November 4th:

238.89… -0.03 / -0.01%

1 Year Change: +35.03%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 178.77… -2.55

December: 178.42… -3.55

February: 180.60… -4.00

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Feeder Cattle:

November: 232.22… -4.95

January: 230.82... -5.60

March: 233.25… -5.85

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December Lean Hogs: 72.90… +0.50

December Crude Oil: 77.37… -3.45

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December Corn: 4.6850… -0.0875

December Wheat: 5.7025… -0.0550

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Grain Cash Bids:

Omaha Corn: 4.63… -0.03

Kansas City Wheat: 5.58… -0.13

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Financial Markets:

DJIA: 34,158.17… +62.31

S & P 500: 4,378.95… +12.97

NASDAQ: 13,640.68… +121.90

U.S. Dollar Index: 105.53… +0.31






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