Nov 16 2021

Texas Daily Ag Market Summary Posted 3 years 12 days ago by Administrator Account

Daily Market Summary for November 15^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 Tuesday, negotiated cash trading has been mostly inactive on very light demand in the Southern Plains, Nebraska, and Western Cornbelt. Not enough trades in any region for a market trend. Negotiated cash trading has been at a standstill in Colorado. Last week in the Southern Plains, Nebraska and Colorado live purchases traded at 132.00, and dressed purchases, in Nebraska, traded at 207.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 130.00-132.00 and at 207.00, respectively.

Negotiated Sales:

Confirmed:   1,117   

Week Ago:    2,626

Year Ago:     4,683

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,000

Weighted avg. weight:       862.00

Weighted avg. net price:    213.14

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Week to Date                       243,000

Same Period Last Week     243,000

Same Period Last Year       240,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 282.13… -1.07

Select:  266.59… -0.69

Choice/Select Spread: 15.54

Total Load Count: 162

                  

Cutter Cow Cutout:

230.37… -1.05

            

CME Feeder Cattle Index for November 12th:

155.43… +0.37 / +0.24%

1 Year Change: +12.89%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 131.72… -0.05

February: 136.10… -0.22

April: 139.80… -0.17

         

Feeder Cattle:

November: 155.65… -0.27

January: 159.27… +0.80

March: 160.90… +1.03

         

December Hogs: 77.72… +1.92

December Crude Oil: 80.76… -0.12

         

December Corn: 5.7100… -0.0550

December Wheat: 8.1025… -0.1600

    

Grain Cash Bids:

Omaha Corn: 5.61… -0.06

Kansas City Wheat: 7.91… -0.15

        

Financial Markets:

DJIA: 36,148.50… +60.32

S & P 500: 4,701.25… +18.28

NASDAQ: 15,971.27… +124.48

U.S. Dollar Index: 95.92… +0.51