Nov 23 2021

Daily AG Market Summary for 23 November, 2021 Posted 3 years 5 days ago by Administrator Account

Daily Market Summary for November 23rd

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 Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains with a few live purchases at 136.00, however not enough purchases for a market trend. Negotiated cash trading was limited on light demand in all other major feeding regions. Not enough purchases inany region for a market trend. 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. Last week in Colorado live purchases traded from 132.00-135.00. In the Western Cornbelt last week live and dressed purchases traded from 132.00-134.00 and at 210.00, respectively.

Negotiated Sales:

Confirmed: 10,352   

Week Ago:    1,117

Year Ago:      3,478

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,700

Weighted avg. weight:        879.00

Weighted avg. net price:    213.44

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Cattle Slaughter under Federal Inspection:

Monday (est)                        122,000

Week ago (est)                     122,000

Year ago (act)                       121,000

Week to Date                      244,000

Same Period Last Week    243,000

Same Period Last Year       241,000

Friday

Steers & Heifers:  97,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 278.64… -0.61

Select:  262.67… -1.06

Choice/Select Spread: 15.97

Total Load Count: 193

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Cutter Cow Cutout: 

230.17… +0.64

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CME Feeder Cattle Index for November 22nd:

157.43… +1.14 / +0.73%

1 Year Change: +14.81%

52 Week Range: 130.15 to 159.56

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Futures Settlements…

Live Cattle:

December: 135.40… +0.98

February: 139.42… +0.45

April: 142.80… +0.53

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Feeder Cattle:

January: 164.37… +2.67

March: 165.67… +1.57

April: 168.02… +1.32

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February Hogs: 83.27… +0.25

January Crude Oil: 78.50… +1.75

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December Corn: 5.8050… +0.0375

December Wheat: 8.5600… +0.1025

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Grain Cash Bids: 

Omaha Corn: 5.71… +0.04

Kansas City Wheat: 8.49… +0.17

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Financial Markets:

DJIA: 35,818.98… +184.08

S & P 500: 4,690.55… +4.81

NASDAQ: 15,774.25… -93.85

U.S. Dollar Index: 96.48… -0.07