Nov 22 2021

Daily AG Market Summary for 22 November, 2021 Posted 2 years 162 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