Nov 12 2021

Texas Daily Ag Market Summary Posted 2 years 175 days ago by Administrator Account

Daily Market Summary for November 12^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains, Nebraska and Colorado, negotiated cash trading has been slow on light demand. In the Southern Plains live purchases have traded steady to 1.00 higher at 132.00, when compared to the last reported market on Wednesday. In Nebraska live purchases have traded steady at 132.00, when compared to the last reported market on Thursday. The last dressed purchase market was on Wednesday with trades at 207.00. In Colorado live purchases traded at 132.00, with no comparable market. So far for Friday in the Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. The last report live purchase market was on Thursday with trades at 132.00. The last reported dressed purchase market was on Wednesday with trades at 207.00.

Negotiated Sales:

Confirmed:      14,803    

Week Ago:       44,868

Year Ago:        38,149

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,800

Weighted avg. weight:       871.00

Weighted avg. net price:    207.91

         

Cattle Slaughter under Federal Inspection:

Friday (est)                            115,000

Week ago (est)                     118,000

Year ago (act)                       120,000

Week to Date                       597,000

Same Period Last Week     605,000

Same Period Last Year       593,000

Thursday

Steers & Heifers:  91,000

Cows & Bulls:       26,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 284.30… -0.84

Select:  269.52… +2.24

Choice/Select Spread: 14.77

Total Load Count: 117

                  

Cutter Cow Cutout:

230.61… +0.72

            

CME Feeder Cattle Index for November 11th:

155.06… -0.41 / -0.26%

1 Year Change: +12.89%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 132.12… +0.25

February: 136.10… -0.30

April: 139.90… -0.35

         

Feeder Cattle:

November: 156.25… -1.07

January: 157.72… -1.35

March: 159.17… -1.28

         

December Hogs: 75.87… +0.50

December Crude Oil: 80.79… -0.80

         

December Corn: 5.7725… +0.0775

December Wheat: 8.1700… +0.0450

    

Grain Cash Bids:

Omaha Corn: 5.67… +0.07

Kansas City Wheat: 8.03… +0.05

        

Financial Markets:

DJIA: 36,109.23… +187.99

S & P 500: 4,682.79… +33.32

NASDAQ: 15,859.23… +156.67

U.S. Dollar Index: 95.11… -0.07