Good mornin', neighbors, and welcome to the Bitcoin Ranch™ Ag Report for the week of November 6. Pour a cup of coffee and let's see how the markets traveled this week.
| Market | This week | A week ago | Change | % |
|---|---|---|---|---|
| Bitcoin (BTC-USD) | $75,805 | $77,435 | −$1,630 | ▼ −2.1% |
| S&P 500 | 7,429.18 | 7,580.07 | −150.89 | ▼ −1.99% |
| Nasdaq Composite | 24,754.26 | 25,437.00 | −682.74 | ▼ −2.68% |
| Dow Jones Industrials | 51,577.20 | 51,770.31 | −193.11 | ▼ −0.37% |
| Live cattle, Dec (¢/lb) | 211.30 | 224.00 | −12.70 | ▼ −5.7% |
| Feeder cattle, Jan (¢/lb) | 317.00 | 337.78 | −20.78 | ▼ −6.2% |
| CME Feeder Cattle Index (Nov 4 vs Oct 28) | 342.76 | 351.43 | −8.67 | ▼ −2.5% |
| Corn, Dec (¢/bu) | 440.75 | 447.75 | −7.00 | ▼ −1.6% |
| Soybeans, Jan (¢/bu) | 1,187.50 | 1,222.25 | −34.75 | ▼ −2.8% |
| Wheat, Chicago Dec (¢/bu) | 593.50 | 603.50 | −10.00 | ▼ −1.7% |
| Lean hogs, Dec (¢/lb) | 53.35 | 58.875 | −5.525 | ▼ −9.4% |
Bitcoin and stock prices as of about 10:45 a.m. CT Friday, Nov 6, compared with Friday, Oct 30 closes (Bitcoin week-ago ≈ Yahoo Oct 30 daily close; this week ≈ Yahoo live). Futures from Yahoo (LE=F, GF=F, ZC/ZS/ZW, HE=F) about 10:45 a.m. CT — still trading, so not closes. CME Feeder Cattle Index from Barchart (Nov 4 $342.76) vs last Ag Report Oct 28 value 351.43.
Bitcoin gave back about sixteen hundred dollars on the week — roughly a fifth straight weekly loss — near $75,805 midmorning Friday. Midterm and regulatory jitters rode along with a tech selloff. US spot bitcoin ETFs were on track for a second weekly outflow of about $870 million through Thursday, per FXStreet, and BlackRock's IBIT saw a single-day outflow near $405 million on Nov 2 (Farside/SoSoValue).
Strategy still bought: 811 BTC (~$65.5 million, Oct 26–Nov 1) to 849,327 BTC held, and it also repurchased about $208 million of STRC preferred (Strategy 8-K / The Block). Strive made a smaller add earlier. Long-horizon buyers showing up while the tape wobbles.
A brutal Thursday AI/tech selloff shoved the Nasdaq into correction territory. Friday rebounded, but our midmorning board still had the S&P down about 2%, the Nasdaq nearly 2.7%, and the Dow only a shade softer. Strong October jobs and higher rate-hike odds talk added fuel, per AP, Yahoo and Fox Business.
Futures were weak all week: December live cattle down about $12.70 to 211.30, January feeders nearly $21 to 317.00, and the CME Feeder Cattle Index at 342.76 on Nov 4 versus 351.43 on our last board.
Cash followed lower. South Central fed cattle ~$218 FOB live (−$7), Nebraska mainly $214 (−~$10), Choice boxed beef ~$361.56 Thursday (Cattle Current Nov 6). At OKC National Stockyards Monday Nov 3, 4,394 head sold; true yearling feeders lightly tested $4–12 lower, calves $10–20 lower (some to $30), demand moderate at best (OK Dept of Ag Market Report 11/3/2026).
OSU's Dr. Justin Talley (OK Farm Report Nov 4) urged wound vigilance as New World screwworm cases build in Texas, New Mexico and Arizona. Oklahoma has quarantine protocols ready; that piece did not claim an Oklahoma detection. USDA/APHIS is monitoring. Mexican cattle imports resumed earlier, as noted last week.
Corn eased 7 cents, January beans about 35 cents, Chicago December wheat a dime. WASDE is next week. Farm diesel averaged about $5.54/gal in Oklahoma in the same state packet. Hay stays tight: USDA Oklahoma Direct Hay Report (week ending Oct 30) said demand is still high though rain slowed movement; 87.31% of the state in moderate drought or worse, 99.89% at least abnormally dry. Central fair/good alfalfa large squares ~$190/ton; fair bluestem large rounds ~$40/bale. Next hay report Nov 13. December lean hogs fell about 9.4%.
Strategy's 811 BTC add and STRC preferred buyback led the treasury news, with holdings at 849,327 BTC. Strive's smaller earlier add stayed on the board. ETF flows flipped from last week's friendlier tone to a second weekly outflow stretch — corporate accumulators and fund flows aren't telling the same story right now.
Soft tape across bitcoin, stocks, cattle and grain. Sale-barn demand cooled after last week's hotter run, hay is still scarce in a dry state, and diesel isn't cheap. None of that changes the long work — check the water, count the bales, watch the calves, and keep your keys as latched as your gates. We'll talk again next Friday.
Sources: Yahoo Finance (BTC-USD, equities, LE=F, GF=F, ZC/ZS/ZW, HE=F); Barchart (CME Feeder Cattle Index); Cattle Current (Nov 6); Oklahoma Department of Agriculture Market Report (OKC National Stockyards, Nov 3); USDA Oklahoma Direct Hay Report (week ending Oct 30); OK Farm Report / OSU Dr. Justin Talley (Nov 4); FXStreet; Farside / SoSoValue; Strategy 8-K / The Block; AP; Yahoo; Fox Business. This is market news and commentary for general information only, not financial advice.
