Nov 09 2020

Texas Daily Ag Market News Summary Posted 4 years 235 days ago by Administrator Account

Daily Market Summary for November 9^th

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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 5^th:

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