Nov 08 2023

Texas Daily Ag Market News Summary Posted 1 years 18 days ago by Administrator Account

Daily Market Summary for November 8th

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

Negotiated Sales:                                                                                               

Confirmed:     3,762

Week Ago:      1,116

Year Ago:      20,944

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,100

Weighted avg. weight:         887.00

Weighted avg. net price:     298.56

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Cattle Slaughter under Federal Inspection

Wednesday      124,000

Week Ago          122,000

Year Ago            128,000

Week to Date    371,000

Last Week          372,000

Last Year            378,000 

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 298.75… -1.63

Select:  271.03… +1.55

Choice/Select Spread: 27.72

Total Load Count: 135

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Cutter Cow Cutout:

230.06… -0.03

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CME Feeder Cattle Index for November 7th:

238.13… -0.76 / -0.32%

1 Year Change: +34.85%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 179.40… +0.63

December: 179.47… +1.05

February: 181.62… +1.02

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Feeder Cattle:

November: 234.55… +2.33

January: 232.77… +1.95

March: 235.00… +1.75

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February Lean Hogs: 74.85… -1.17

December Crude Oil: 75.33… -2.04

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December Corn: 4.7600… +0.0750

December Wheat: 5.9225… +0.2200

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Grain Cash Bids:

Omaha Corn: 4.71… +0.08

Kansas City Wheat: 5.80… +0.22

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Financial Markets:

DJIA: 34,112.80… -39.37

S & P 500: 4,382.86… +3.91

NASDAQ: 13,650.41… +9.73

U.S. Dollar Index: 105.53… -0.01