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Nov
02
2020
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Posted 125 days ago ago by Administrator Account
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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