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Nov
09
2023

Texas Daily Ag Market News Summary

Posted 116 days ago by Administrator Account

Daily Market Summary for November 9th

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 Thursday in all regions, negotiated cash trading has been slow on light to moderate demand. In the Texas Panhandle, compared to last week, live FOB purchases traded mostly 4.00 lower at 181.00, with a light test noted. In Kansas, compared to last week, live FOB purchases traded mostly 5.00 lower at 180.00, with a light test noted. In Nebraska a few live FOB purchases traded at 181.50, however not enough for a market trend. Last week live FOB purchases traded at 185.00. Dressed delivered purchases, compared to last week, traded mostly 5.00 lower at 287.00. In the Western Cornbelt a few live FOB and dressed delivered purchases traded at 180.00 and from 283.00-287.00, however not enough for a market trend. Last week live FOB purchases traded at 185.00 and dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:   28,983

Week Ago:          255

Year Ago:       20,680

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:         903.00

Weighted avg. net price:     297.18

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Cattle Slaughter under Federal Inspection

Thursday           122,000

Week Ago          124,000

Year Ago            129,000

Week to Date    493,000

Last Week          496,000

Last Year            507,000 

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 299.42… +0.67

Select:  269.42… -1.61

Choice/Select Spread: 30.00

Total Load Count: 133

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Cutter Cow Cutout:

226.67… -3.39

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CME Feeder Cattle Index for November 8th:

237.01… -1.12 / -0.47%

1 Year Change: +34.44%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 174.35… -5.05

December: 174.47… -5.00

February: 176.95… -4.67

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Feeder Cattle:

November: 229.00… -5.55

January: 224.92… -7.85

March: 227.25… -7.75

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February Lean Hogs: 75.20… +0.35

December Crude Oil: 75.74… +0.41

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December Corn: 4.6800… -0.0800

December Wheat: 5.8075… -0.1150

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Grain Cash Bids:

Omaha Corn: 4.63… -0.08

Kansas City Wheat: 5.72… -0.08

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Financial Markets:

DJIA: 33,893.78… -219.02

S & P 500: 4,347.42… -35.44

NASDAQ: 13,523.74… -126.67

U.S. Dollar Index: 105.94… +0.35






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