Nov 16 2020

Texas Daily Ag Market News Summary Posted 4 years 12 days ago by Administrator Account

Daily Market Summary for November 16^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 Monday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 110.00 and dressed purchases, in Nebraska, traded at 172.00. For the prior week in the Western Cornbelt live purchases traded from 108.00-110.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:        441

Week Ago:         106

Year Ago:           161

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32,200

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    171.40

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  117,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 226.95… +0.97

Select:  212.35… +2.89

Choice/Select Spread: 14.60

Total Load Count: 128

            

Cutter Cow Cutout:

166.48… +1.77

   

CME Feeder Cattle Index for November 12^th:

137.35… +0.65

            

Futures Settlements…

Live Cattle:

December: 110.42… +0.50

February: 112.02… -0.20

April: 116.35… +0.15

   

Feeder Cattle:

November: 137.27… -0.20

January: 137.92… +0.05

March: 137.67… +0.52

     

December Hogs: 65.15… +0.25

December Crude Oil: 41.34… +1.21

   

December Corn: 4.1625… +0.0575

December Wheat: 5.9800… +0.0450

   

Grain Cash Bids:

Kansas City Corn: 4.15… +0.05

Kansas City Wheat: 5.28… 0.06

   

Financial Markets:

DJIA: 29,951.36… +471.55

S & P 500: 3,626.97… +41.76

NASDAQ: 11,924.13… +94.84

U.S. Dollar Index: 92.61… -0.14