Nov 17 2021

Texas Daily Ag Market Summary Posted 3 years 11 days ago by Administrator Account

Daily Market Summary for November 17^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, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough trades in any region for a market trend. 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:     4,389   

Week Ago:    34,470

Year Ago:     28,586

Formula Net - Dressed Steers & Heifers:

Head count priced today:   12,300

Weighted avg. weight:       891.00

Weighted avg. net price:    208.53

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  122,000

Week ago (est)                     122,000

Year ago (act)                       117,000

Week to Date                       365,000

Same Period Last Week     365,000

Same Period Last Year       357,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 278.47… -3.66

Select:  264.06… -2.53

Choice/Select Spread: 14.41

Total Load Count: 188

                  

Cutter Cow Cutout:

229.81… -0.56

            

CME Feeder Cattle Index for November 16th:

155.48… -0.01 / -0.01%

1 Year Change: +13.18%

52 Week Range: 130.15 to 159.56

           

Futures Settlements…

Live Cattle:

December: 132.22… +0.50

February: 136.40… +0.30

April: 140.27… +0.47

         

Feeder Cattle:

November: 156.07… +0.42

January: 158.92… -0.35

March: 161.10… +0.20

         

December Hogs: 76.17… -1.55

December Crude Oil: 78.36… -2.40

         

December Corn: 5.7525… +0.0425

December Wheat: 8.2225… +0.1200

    

Grain Cash Bids:

Omaha Corn: 5.65… +0.04

Kansas City Wheat: 8.04… +0.13

        

Financial Markets:

DJIA: 35,931.38… -217.12

S & P 500: 4,688.85… -12.40

NASDAQ: 15,925.06… -46.21

U.S. Dollar Index: 95.81… -0.11