(800)-Tell-TDA
835-5832
Nov
02
2020

Texas Daily Ag Market News Summary

Posted 125 days ago ago by Administrator Account

Daily Market Summary for November 2nd

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



Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 106.00. For the prior week in Nebraska live purchases traded from 103.00-105.00 and dressed purchases, on a very light test, traded from 158.00-163.00. For the previous week in the Western Cornbelt live purchases traded from 101.00-103.00 and dressed purchases, on a very light test, traded from 158.00-165.00.

   

Negotiated Sales:

Confirmed:        149

Week Ago:         410

Year Ago:        4,359

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,600

Weighted avg. weight:       886 lbs.

Weighted avg. net price:    170.21

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  115,000

Year ago (act)                    116,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 208.65… +0.55

Select:  192.62… +1.38

Choice/Select Spread: 16.03

Total Load Count: 145

            

Cutter Cow Cutout:

163.72… +1.73

   

CME Feeder Cattle Index for October 30th:

136.48… -0.28

            

Futures Settlements…

Live Cattle:

December: 108.55… +0.25

February: 110.52… +0.12

April: 113.82… +0.17

   

Feeder Cattle:

November: 136.97… -0.43

January: 134.05… -0.07

March: 133.82… +0.30

     

December Hogs: 65.95… +0.38

December Crude Oil: 36.81… +1.02

   

December Corn: 3.9750… -0.0100

December Wheat: 6.0750… +0.0900

   

Grain Cash Bids:

Kansas City Corn: 3.92… -0.01

Kansas City Wheat: 5.23… +0.12

   

Financial Markets:

DJIA: 26,925.05… +421.55

S & P 500: 3,310.24… +39.74

NASDAQ: 10,957.61… +46.02

U.S. Dollar Index: 94.07… +0.03