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Texas Daily Ag Market News Summary

Posted 124 days ago ago by Administrator Account

Daily Market Summary for November 3rd

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 Tuesday, 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 on light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 106.00, on light test. 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:          35

Week Ago:         670

Year Ago:           233

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,500

Weighted avg. weight:       910 lbs.

Weighted avg. net price:    169.56

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     121,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Week to Date                    240,000

Same Period Last Week   232,000

Same Period Last year     236,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.44… +0.79

Select:  195.45… +2.83

Choice/Select Spread: 13.99

Total Load Count: 151

            

Cutter Cow Cutout:

163.90… +0.17

   

CME Feeder Cattle Index for October 30th:

136.48... -0.28

            

Futures Settlements…

Live Cattle:

December: 107.82… -0.73

February: 110.30… -0.22

April: 113.70… -0.12

   

Feeder Cattle:

November: 136.12… -0.85

January: 133.17… -0.88

March: 133.15… -0.67

     

December Hogs: 65.40… -0.55

December Crude Oil: 37.66… +0.85

   

December Corn: 4.0100… +0.0350

December Wheat: 6.0800… +0.0050

   

Grain Cash Bids:

Kansas City Corn: 4.00… +0.03

Kansas City Wheat: 5.27… +0.04

   

Financial Markets:

DJIA: 27,480.10… +555.05

S & P 500: 3,369.16… +58.92

NASDAQ: 11,160.57… +202.96

U.S. Dollar Index: 93.55… -0.58