Nov 22 2019

Texas Daily Ag Market News Summary Posted 5 years 6 days ago by Administrator Account

Daily Market Summary for November 22nd

  

The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information! 

---

Slaughter Cattle:

As of 3:00 PM Friday negotiated cash trade was light on light to moderate demand in most feeding regions, however not enough for an adequate market test. The latest established market in Nebraska was on Thursday with live purchases from 115.00-117.50 and dressed purchases at 184.00. In the Western Cornbelt on Thursday live purchases traded from 115.00-117.00, bulk from 115.00-116.00 with dressed purchases at 184.00. On Wednesday in the Southern Plains, live purchases traded at 116.00.

    

Negotiated Sales:

Confirmed: 8,509

Week Ago:  12,170

Year Ago: 7,354

      

Formula Net

Dressed Steers & Heifers:

Head count priced today: 2

Weighted avg weight:       9

Weighted avg net price:   1

           

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales reported at 244.00 FOB the feedlot. Sales are steady to slightly higher than prices seen on Wednesday. Cattle that were bought this week were being scheduled for the week of December 9th delivery. Light volumes of western Canadian fed cattle traded into the US this week. Depending on freight and dressing percentage sales to the US were working back to the low 150's on a live basis FOB feedlot. Sales to the US were at a premium over local deals. 

         

Cattle Slaughter under Federal Inspection:

Friday (est)               114,000

Week ago (est)        117,000

Year ago (act)          115,000

Week to date (est)  581,000

Last Week (est)        584,000

Last Year (act)          480,000

Previous Day (est)

Steers & Heifers: 87,000

Cows & Bulls: 27,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values sharply lower on light demand and moderate offerings. Select and Choice rib and chuck cuts steady to weak while round and loin cuts weak to lower. Beef trimmings weak to lower on light demand and moderate offerings.

Cutout Values:

Choice: 232.57… -2.29

Select:  211.32… -2.54

C/S Spread: 21.25

Total Load Count:  104

  

Cutter Cow Cutout:

184.38… -1.29

  

CME Feeder Cattle Index:

145.47… -0.39

     

Futures…

Live Cattle:

Dec: 118.67… -0.65

Feb: 123.85… -1.20

Apr: 124.17… -1.60

Feeder Cattle:

Jan: 139.27… -3.33

Mar: 139.60… -3.20

Apr: 141.10… -3.00

---

Dec Hogs: 61.22… +0.57

Dec Crude Oil: 57.77… -0.81

---

Dec Corn: 3.6875… +0.0025

Jan Soybeans: 8.9700… -0.0400

Dec Wheat: 5.1525… +0.0625

---

Grain Cash Bids:

Kansas City Corn: 3.78… +0.03

Kansas City Soybeans: 8.62… -0.07

Kansas City Wheat: 5.05… +0.06

---

Financial Markets:

Dow Jones: 27,875.62… +109.33

S & P 500: 3,110.29… +6.75

NASDAQ: 8,519.89… +13.68

U.S. Dollar Index: 98.26… +0.26