Nov 24 2021

Daily AG Market Summary for 24 November, 2021 Posted 3 years 4 days ago by Administrator Account

Daily Market Summary for November 24^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 Wednesday in the Southern Plains and Nebraska, negotiated cash trading has been moderate with very good demand. In the Texas Panhandle, compared to the last reported market on Tuesday, live purchases traded 3.00-5.00 higher at 140.00. In Kansas, compared to last week, live purchases traded 7.00 higher at 140.00. In Nebraska, compared to the last live market on Tuesday, live purchases traded 2.00 higher from 138.00-139.00. Not enough dressed for a full market trend. Last week dressed purchases traded at 210.00. Thus far for Wednesday in Colorado and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases in either region for a market trend. In the Western Cornbelt on Tuesday live purchases traded from 136.00-138.00. Not enough dressed for a full market trend. Last week dressed purchases traded at 210.00. In Colorado last week live purchases traded from 132.00-135.00.

Negotiated Sales:

Confirmed: 27,395   

Week Ago:    4,389

Year Ago:    33,012

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,700

Weighted avg. weight:        887.00

Weighted avg. net price:    218.81

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Cattle Slaughter under Federal Inspection:

Wednesday (est)                  121,000

Week ago (est)                     122,000

Year ago (act)                      119,000

Week to Date                       365,000

Same Period Last Week     365,000

Same Period Last Year       360,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 279.11… +0.47

Select:  263.47… +0.80

Choice/Select Spread: 15.64

Total Load Count: 129

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Cutter Cow Cutout: 

229.52… -0.65

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CME Feeder Cattle Index for November 23rd:

157.83… +0.40 / +0.25%

1 Year Change: +14.95%

52 Week Range: 130.15 to 159.56

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Futures Settlements…

Live Cattle:

December: 137.90… +2.50

February: 140.87… +1.45

April: 143.90… +1.10

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Feeder Cattle:

January: 166.92… +2.55

March: 167.90… +2.23

April: 169.80… +1.78

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February Hogs: 84.25… +0.98

January Crude Oil: 78.39… -0.11

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December Corn: 5.7975… -0.0075

December Wheat: 8.3675… -0.1925

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Grain Cash Bids: 

Omaha Corn: 5.70… -0.01

Kansas City Wheat: 8.43… -0.06

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Financial Markets:

DJIA: 35,820.25… +1.27

S & P 500: 4,702.38… +11.83

NASDAQ: 15,845.60… +71.35

U.S. Dollar Index: 96.82… +0.34