Nov 06 2020

Texas Daily Ag Market News Summary Posted 4 years 249 days ago by Administrator Account

Daily Market Summary for November 6^th

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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 5^th:

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