Nov 29 2021

Texas Daily Ag Market News Summary Posted 2 years 364 days ago by Administrator Account

Daily Market Summary for November 29^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 Monday, negotiated cash trading has been mostly inactive on very light demand in Nebraska. 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 and Colorado live purchases traded at 140.00. In Nebraska, live and dressed purchases traded from 136.00-140.00 and at 217.00, respectively. In the Western Cornbelt live and dressed purchases traded from 135.00-140.00 and from 213.00-217.00, respectively.

 

Negotiated Sales:

Confirmed:      250   

Week Ago:    1,203

Year Ago:        450

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,800

Weighted avg. weight:        870.00

Weighted avg. net price:    213.96

 

Cattle Slaughter under Federal Inspection:

Monday (est)                       121,000

Week ago (est)                    122,000

Year ago (act)                     118,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 277.58… -2.43

Select:  262.02… -0.26

Choice/Select Spread: 15.56

Total Load Count: 82

 

Cutter Cow Cutout:

230.49… -0.22

 

CME Feeder Cattle Index for November 24^th:

157.48 - No new indexes due to sales closed for Thanksgiving

1 Year Change: +13.38%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

December: 136.92… -1.18

February: 139.30… -1.90

April: 142.52… -1.33

 

Feeder Cattle:

January: 165.72… -1.43

March: 166.55… -1.42

April: 168.57… -1.30

 

February Hogs: 80.92… -0.10

January Crude Oil: 69.95… +1.80

 

December Corn: 5.8100… -0.0575

December Wheat: 8.0750… -0.1800

 

Grain Cash Bids:

Omaha Corn: 5.71… -0.05

Kansas City Wheat: 8.24… -0.11

 

Financial Markets:

DJIA: 35,135.78… +236.44

S & P 500: 4,654.91… +60.29

NASDAQ: 15,789.61… +297.95

U.S. Dollar Index: 96.28… +0.19