Nov 23 2021

Daily AG Market Summary for 23 November, 2021 Posted 2 years 161 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