Nov 02 2020

Texas Daily Ag Market News Summary Posted 4 years 242 days ago by Administrator Account

Daily Market Summary for November 2^nd

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

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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 30^th:

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