Nov 13 2020

Texas Daily Ag Market News Summary Posted 3 years 158 days ago by Administrator Account

Daily Market Summary for November 13^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading and demand have been moderate. Compared to last week live purchases traded mostly 3.00 higher at 110.00. So far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been limited on moderate demand. In Nebraska live and dressed purchases traded steady at 110.00 and 172.00 when compared to the last reported market on Thursday. In the Western Cornbelt live and dressed purchases traded steady from 108.00-110.00 and 172.00 when compared to the last reported market on Thursday.

      

Negotiated Sales:

Confirmed:   38,149

Week Ago:      5,846

Year Ago:      12,170

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,200

Weighted avg. weight:       874 lbs.

Weighted avg. net price:    173.45

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         120,000

Week ago (est)                  120,000

Year ago (act)                    121,000

Week to Date                    472,000

Same Period Last Week   479,000

Same Period Last year     472,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 225.98… -0.52

Select:  209.46… +1.22

Choice/Select Spread: 16.52

Total Load Count: 171

            

Cutter Cow Cutout:

164.71… -0.81

   

CME Feeder Cattle Index for November 12^th:

137.35… +0.65

            

Futures Settlements…

Live Cattle:

December: 109.92… -2.05

February: 112.22… -2.58

April: 116.20… -2.15

   

Feeder Cattle:

November: 137.47… -2.60

January: 137.87… -2.85

March: 137.15… -2.55

     

December Hogs: 64.90… -0.90

December Crude Oil: 40.13… -0.99

   

December Corn: 4.1050… +0.0225

December Wheat: 5.9350… +0.0525

   

Grain Cash Bids:

Kansas City Corn: 4.02… +0.03

Kansas City Wheat: 5.17… +0.08

   

Financial Markets:

DJIA: 29,479.81… +400.30

S & P 500: 3,585.18… +48.19

NASDAQ: 11,829.29… +119.70

U.S. Dollar Index: 92.75… -0.21