Nov 19 2021

Daily Market Summary for November 19, 2021 Posted 3 years 9 days ago by Administrator Account

Daily Market Summary for November 19^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 Friday, negotiated cash trading has been limited on light demand in all major feeding regions with a few live purchases in Nebraska at 135.00, however not enough purchases in any region for a market trend. Thursday was the last reported market in any region. In the Southern Plains live purchases traded at 133.00. In Nebraska and the Western Cornbelt live and dressed purchases traded from 133.00-134.00 and 210.00, respectively. The last reported market in Colorado was last week with live purchases at 132.00.

Negotiated Sales:

Confirmed:       6,447   

Week Ago:      14,803

Year Ago:         2,972

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:       884.00

Weighted avg. net price:    213.88

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Cattle Slaughter under Federal Inspection:

Friday (est)                           121,000

Week ago (est)                     115,000

Year ago (act)                       126,000

Week to Date                       608,000

Same Period Last Week     597,000

Same Period Last Year       593,000

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 278.41… +2.25

Select:  263.83… +0.67

Choice/Select Spread: 14.58

Total Load Count: 103

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Cutter Cow Cutout: 

230.32… +0.11

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CME Feeder Cattle Index for November 18th:

155.65… +0.19 / +0.12%

1 Year Change: +13.82%

52 Week Range: 130.15 to 159.56

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Futures Settlements…

Live Cattle:

December: 133.52… +0.37

February: 137.70… +0.45

April: 141.30… +0.43

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Feeder Cattle:

January: 160.92… -0.45

March: 163.37… -0.18

April: 165.87… -0.20

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December Hogs: 73.75… -1.35

December Crude Oil: 76.10… -2.91

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December Corn: 5.7075… -0.0225

December Wheat: 8.2300… +0.0300

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Grain Cash Bids: 

Omaha Corn: 5.61… -0.02

Kansas City Wheat: 8.05… +0.08

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Financial Markets:

DJIA: 35,602.18… -268.96

S & P 500: 4,697.98… -5.47

NASDAQ: 16,057.79… +67.00

U.S. Dollar Index: 96.02… +0.47