Nov 10 2023

Texas Daily Ag Market News Summary Posted 175 days ago by Administrator Account

Daily Market Summary for November 10th

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

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Fed Cattle: 

As of 3:00 PM Friday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska negotiated cash trading has been limited on light demand. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region for a market trend. The last reported market in all regions was on Thursday. In the Texas Panhandle live FOB purchases traded at 181.00. In Kansas live FOB purchases traded at 180.00. In Nebraska live FOB purchases traded at 181.50 and dressed delivered purchases traded at 287.00. In the Wester Cornbelt live FOB purchases traded from 178.00-180.00 and dressed delivered purchases traded from 283.00-287.00.

Negotiated Sales:                                                                                               

Confirmed:     2,631

Week Ago:   27,770

Year Ago:        2,998

Formula Net - Dressed Steers & Heifers:

Head count priced today:  26,000

Weighted avg. weight:        88.00

Weighted avg. net price:    298.44

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Cattle Slaughter under Federal Inspection

Friday                114,000

Week Ago         122,000

Year Ago           120,000

Week to Date   607,000

Last Week         618,000

Last Year           627,000 

Thursday

Steers & Heifers: 94,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 300.46… +1.04

Select: 267.42… -2.00

Choice/Select Spread: 33.04

Total Load Count: 138

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Cutter Cow Cutout:

229.19… +2.52

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CME Feeder Cattle Index for November 9th:

235.42… -1.59 / -0.67%

1 Year Change: +34.13%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 174.17… -0.18

December: 174.65… +0.18

February: 176.92… -0.03

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Feeder Cattle:

November: 229.72… +0.72

January: 226.42… +1.50

March: 228.62… +1.37

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February Lean Hogs: 75.57… +0.37

December Crude Oil: 77.17… +1.43

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December Corn: 4.6400… -0.0400

December Wheat: 5.7525… +0.0550

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Grain Cash Bids:

Omaha Corn: 4.65… +0.02

Kansas City Wheat: 5.65… -0.07

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Financial Markets:

DJIA: 34,283.33… +389.55

S & P 500: 4,415.26… +67.84

NASDAQ: 13,799.87… +276.13

U.S. Dollar Index: 105.81… -0.10