Nov 18 2020

Texas Daily Ag Market News Summary Posted 4 years 10 days ago by Administrator Account

Daily Market Summary for November 18^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 Wednesday in the Southern Plains, negotiated cash trading and demand has been moderate. Compare to last week live purchases moved steady at 110.00. So far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska a few live purchases traded at 110.00 and in the Western Cornbelt a few live purchases traded at 106.00. However, not enough purchases for a full market trend in either region. Last week in Nebraska live and dressed purchases traded at 110.00 and 172.00, respectively. 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:       28,586

Week Ago:             605

Year Ago:          31,277

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,800

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    176.33

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               119,000

Week ago (est)                  115,000

Year ago (act)                    119,000

Week to Date                    359,000

Same Period Last Week   352,000

Same Period Last year     358,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 235.84… +2.12

Select:  213.62… -0.34

Choice/Select Spread: 22.22

Total Load Count: 142

            

Cutter Cow Cutout:

166.31… -1.03

   

CME Feeder Cattle Index for November 17^th:

137.38… -0.17

            

Futures Settlements…

Live Cattle:

December: 110.65… -0.67

February: 113.15… -0.42

April: 116.62… -0.63

   

Feeder Cattle:

November: 137.02… -0.35

January: 137.30… -2.42

March: 136.90… -2.27

     

December Hogs: 65.80… +0.28

December Crude Oil: 41.82… +0.39

   

December Corn: 4.2575… +0.0550

December Wheat: 5.9775… +0.0250

   

Grain Cash Bids:

Kansas City Corn: 4.17… +0.06

Kansas City Wheat: 5.23… +0.05

   

Financial Markets:

DJIA: 29,438.42… -344.93

S & P 500: 3,567.79… -41.75

NASDAQ: 11,801.60… -97.74

U.S. Dollar Index: 92.40… -0.02