Nov 18 2021

Daily AG Market Summary for Nov 18, 2021 Posted 3 years 10 days ago by Administrator Account

Daily Market Summary for November 18th

Updated Monday thru Friday around 4:00 PM CT

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

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.92%

Change from 10 Days Ago: -0.58%

    

 60-Day Index Trendline

Change from 60 Days Ago: -1.15%​

Change from 60 Day High: -1.15%​

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Wednesday Regional Auction Reports

  

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading and demand have been light to moderate in the Southern Plains, Nebraska, and the Western Cornbelt. Compared to last week in the Southern Plains, live purchases have traded 1.00 higher at 133.00. In Nebraska, compared to last week, live purchases have traded 1.00 to 2.00 higher from 133.00-134.00 and dressed purchases have traded 3.00 higher at 210.00. In the Western Cornbelt compared to last week, live purchases have traded mostly 1.00 to 3.00 higher at 133.00 and dressed purchases have traded 3.00 higher at 210.00. Negotiated cash trading in Colorado has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in Colorado live purchases traded at 132.00.

Negotiated Sales:

Confirmed:    57,608   

Week Ago:       5,187

Year Ago:       15,803

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,000

Weighted avg. weight:        894.00

Weighted avg. net price:    214.38

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Cattle Slaughter under Federal Inspection:

Thursday (est)                      122,000

Week ago (est)                     117,000

Year ago (act)                       120,000

Week to Date                       487,000

Same Period Last Week     482,000

Same Period Last Year       477,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 276.16… -2.31

Select:  263.16… -0.90

Choice/Select Spread: 13.00

Total Load Count: 193

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Cutter Cow Cutout: 

230.21… +0.40

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CME Feeder Cattle Index for November 17th:

155.46… -0.02 / -0.01%

1 Year Change: +13.05%

52 Week Range: 130.15 to 159.56

Futures Settlements…

Live Cattle:

December: 133.15… +0.93

February: 137.25… +0.85

April: 140.87… +0.60

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Feeder Cattle:

January: 161.37… +2.45

March: 163.55… +2.45

April: 166.07… +2.35

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December Hogs: 75.10… -1.07

December Crude Oil: 79.01… +0.65

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December Corn: 5.7300… -0.0225

December Wheat: 8.2000… -0.0225

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Grain Cash Bids: 

Omaha Corn: 5.63… -0.02

Kansas City Wheat: 7.97… -0.07

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Financial Markets:

DJIA: 35,871.14… -60.24

S & P 500: 4,703.45… +14.60

NASDAQ: 15,990.79… +65.73

U.S. Dollar Index: 95.55… -0.28

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