Nov
04
2020
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Posted 119 days ago ago by Administrator Account
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Daily Market Summary for November 4th
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 Wednesday, in the Texas Panhandle negotiated cash trading has been slow on moderate demand. In Kansas negotiated cash trading and demand have been moderate. Compared to last week in the Southern Plains live purchases have traded 1.00 higher at 107.00. So far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend in these regions. 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: 19,457
Week Ago: 5,228
Year Ago: 336
Formula Net
Dressed Steers & Heifers:
Head count priced today: 8,500
Weighted avg. weight: 910 lbs.
Weighted avg. net price: 169.51
Cattle Slaughter under Federal Inspection:
Wednesday (est) 119,000
Week ago (est) 118,000
Year ago (act) 120,000
Week to Date 359,000
Same Period Last Week 350,000
Same Period Last year 356,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 210.19… +0.75
Select: 197.05… +1.60
Choice/Select Spread: 13.14
Total Load Count: 166
Cutter Cow Cutout:
163.78… -0.13
CME Feeder Cattle Index for November 3rd:
138.57… +0.55
Futures Settlements…
Live Cattle:
December: 107.87… +0.05
February: 110.77… +0.47
April: 114.67… +0.97
Feeder Cattle:
November: 137.70… +1.58
January: 135.15… +1.98
March: 134.87… +1.72
December Hogs: 66.35… +0.95
December Crude Oil: 39.15… +1.49
December Corn: 4.0525… +0.0425
December Wheat: 6.0600… -0.0200
Grain Cash Bids:
Kansas City Corn: 4.04… +0.04
Kansas City Wheat: 5.30… +0.03
Financial Markets:
DJIA: 27,847.66… +367.56
S & P 500: 3,443.44… +74.28
NASDAQ: 11,590.78… +430.21
U.S. Dollar Index: 93.46… -0.09