Nov 22 2021

Daily AG Market Summary for 22 November, 2021 Posted 3 years 6 days ago by Administrator Account

Daily Market Summary for November 22nd

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 Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 133.00. In Nebraska last week, live and dressed purchases traded from 133.00-134.00 and at 210.00, respectively. In the Western Cornbelt last week live and dressed purchases traded from 132.00-134.00 and at 210.00, respectively. In Colorado last week live purchases traded from 132.00-135.00.

Negotiated Sales:

Confirmed: 1,203   

Week Ago:    235

Year Ago:      384

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,700

Weighted avg. weight:        884.00

Weighted avg. net price:    210.82

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Cattle Slaughter under Federal Inspection:

Monday (est)                        122,000

Week ago (est)                     121,000

Year ago (act)                       120,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 279.25… +0.84

Select:  263.73… -0.10

Choice/Select Spread: 15.52

Total Load Count: 124

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Cutter Cow Cutout: 

229.53… -0.79

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CME Feeder Cattle Index for November 19th:

156.29… +0.64 / +0.41%

1 Year Change: +14.13%

52 Week Range: 130.15 to 159.56

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Futures Settlements…

Live Cattle:

December: 134.42… +0.90

February: 139.97… +2.27

April: 142.27… 0.97

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Feeder Cattle:

January: 161.70… +0.78

March: 164.10… +0.73

April: 166.70… +0.83

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February Hogs: 83.02… +0.55

January Crude Oil: 76.75… +0.81

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December Corn: 5.7675… +0.0600

December Wheat: 8.4575… +0.2275

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Grain Cash Bids: 

Omaha Corn: 5.67… +0.06

Kansas City Wheat: 8.32… +0.27

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Financial Markets:

DJIA: 35,634.90… +32.72

S & P 500: 4,685.74… -12.24

NASDAQ: 15,868.10… -189.69

U.S. Dollar Index: 96.52… +0.49