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Nov
09
2020
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Posted 118 days ago ago by Administrator Account
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Daily Market Summary for November 9th
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 Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains and Nebraska live purchases traded at 107.0000 and dressed purchases, in Nebraska, traded at 167.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 105.00-106.00 and 164.-167.00, respectively.
Negotiated Sales:
Confirmed: 106
Week Ago: 149
Year Ago: 324
Formula Net
Dressed Steers & Heifers:
Head count priced today: 27,700
Weighted avg. weight: 888 lbs.
Weighted avg. net price: 168.55
Cattle Slaughter under Federal Inspection:
Monday (est) 117,000
Week ago (est) 119,000
Year ago (act) 112,000
Previous Day (est)
Steers & Heifers: 84,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 217.39… +3.07
Select: 202.37… +3.88
Choice/Select Spread: 15.02
Total Load Count: 122
Cutter Cow Cutout:
165.00… -0.90
CME Feeder Cattle Index for November 5th:
136.63… -1.28
Futures Settlements…
Live Cattle:
December: 111.82… +3.17
February: 115.07… +2.92
April: 118.37… +2.32
Feeder Cattle:
November: 141.62… +3.92
January: 140.72… +4.80
March: 139.95… +4.78
December Hogs: 65.60… +0.70
December Crude Oil: 40.29... +3.15
December Corn: 4.0750… +0.0075
December Wheat: 5.9750… -0.0450
Grain Cash Bids:
Kansas City Corn: 4.07… +0.01
Kansas City Wheat: 5.23… -0.02
Financial Markets:
DJIA: 29,157.97… +834.77
S & P 500: 3,550.52… +41.05
NASDAQ: 11,713.78… -181.45
U.S. Dollar Index: 92.77… +0.54