Nov
06
2020
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Posted 121 days ago ago by Administrator Account
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Daily Market Summary for November 6th
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 Friday in the Southern Plains and Nebraska, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in these regions. In the Southern Plains Wednesday was the last reported market with live purchases at 107.00. In Nebraska the last reported market was on Thursday with live and dressed purchases at 107.00 and 167.00, respectively. So far for Friday in the Western Cornbelt negotiated cash trading has been limited on light to moderate demand. A few live purchases moved at 106.00. However, not enough for a full market trend. Thursday was the last reported market with live and dressed purchases trading from 105.00-106.00 and 165.00-167.00, respectively.
Negotiated Sales:
Confirmed: 5,846
Week Ago: 8,131
Year Ago: 52,597
Formula Net
Dressed Steers & Heifers:
Head count priced today: 11,800
Weighted avg. weight: 890 lbs.
Weighted avg. net price: 170.07
Cattle Slaughter under Federal Inspection:
Friday (est) 109,000
Week ago (est) 114,000
Year ago (act) 118,000
Week to Date 588,000
Same Period Last Week 574,000
Same Period Last year 594,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 214.32… +1.77
Select: 198.49… -0.48
Choice/Select Spread: 15.83
Total Load Count: 115
Cutter Cow Cutout:
165.90… +1.89
CME Feeder Cattle Index for November 5th:
136.63... -1.28
Futures Settlements…
Live Cattle:
December: 108.65… +0.30
February: 112.15… +0.70
April: 116.05… +0.75
Feeder Cattle:
November: 137.70… +0.13
January: 135.92… +0.52
March: 135.17… +0.42
December Hogs: 64.90… -2.52
December Crude Oil: 37.14… -1.65
December Corn: 4.0675… -0.0250
December Wheat: 6.0200… -0.0725
Grain Cash Bids:
Kansas City Corn: 4.06… -0.02
Kansas City Wheat: 5.25… -0.08
Financial Markets:
DJIA: 28,323.20… -67.04
S & P 500: 3,509.47… -0.97
NASDAQ: 11,895.23… +4.30
U.S. Dollar Index: 92.25… -0.28