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Nov
25
2024

Texas Daily Ag Market News Summary

Posted 3 hours ago by Administrator Account

Daily Market Summary for November 25th

 
The Daily Market News Report is brought to you by The Cattle Range.

Please visit their website for more information!


Fed Cattle: 
USDA reported at 3:00 PM on Monday that negotiated cash trading has been mostly inactive on light demand in all feeding regions. The latest established market was last week in all feeding regions. In the Southern Plains, live FOB purchases traded from 186.00-187.00. In Nebraska, live and dressed purchases traded mostly from 187.00-188.00 and 290.00, respectively. In the Western Cornbelt, live FOB purchases sold from 185.00-188.00 and dressed delivered purchases sold from 290.00 to 300.00.
Negotiated Sales:
Confirmed: 657
Week Ago:  197
Year Ago:      50
Formula Net - Dressed Steers & Heifers:
Head count priced today:  35,900
Weighted avg. weight:            913
Weighted avg. net price:   297.46
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Cattle Slaughter under Federal Inspection
Monday                 120,000
Week Ago              118,000
Year Ago                124,000
Week to Date        120,000
Last Week WTD    118,000
Last Year WTD      124,069
Friday
Steers & Heifers:   93,000
Cows & Bulls:         24,000
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Boxed Beef:
Cutout Values:
Choice: 309.71… +2.30
Select:  273.74… +1.67
Choice/Select Spread: 35.97
Total Load Count: 126
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Cutter Cow Cutout:
261.48… +2.70
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CME Feeder Cattle Index for November 22nd:
254.72… +0.18 / +0.07%
1 Year Change: +10.57%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
December: 186.50… -0.27
February: 187.70… -0.50
April: 189.65… -0.30
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Feeder Cattle:
January: 255.47… +1.17
March: 254.32… +1.20
April: 255.52… +1.17
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February Lean Hogs: 85.92… +0.25
November Crude Oil: 69.07… -2.17
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February Corn: 4.3300… -0.0225
February Wheat: 5.5575… -0.0900
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Grain Cash Bids:
Omaha Corn: 4.05… -0.02
Kansas City Wheat: 4.82… -0.06
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Financial Markets:
DJIA: 44,736.48… +439.97
S & P 500: 5,987.31… +18.07
NASDAQ: 19,054.84… +51.19
U.S. Dollar Index: 106.89… +0.66