Nov 30 2021

Texas Daily Ag Market News Summary Posted 2 years 363 days ago by Administrator Account

Daily Market Summary for November 30^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on light demand in the Southern Plains and limited on light demand in the Western Cornbelt. Not enough purchases in these regions for a market trend. Negotiated cash trading has been at a standstill in Nebraska and Colorado. 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:    3,792   

Week Ago:   10,352

Year Ago:       2,084

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:        880.00

Weighted avg. net price:    215.73

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       122,000

Week ago (est)                    122,000

Year ago (act)                      122,000

Week to Date                       243,000

Same Period Last Week     244,000

Same Period Last Year       240,000

Monday

Steers & Heifers:  96,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 271.68… -5.90

Select:  260.29… -1.73

Choice/Select Spread: 11.39

Total Load Count: 199

 

Cutter Cow Cutout:

229.49… -1.01

 

CME Feeder Cattle Index for November 29^th:

162.46… +1.17 / +0.73%

1 Year Change: +15.79%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 135.87… -1.05

February: 137.90… -1.40

April: 141.07… -1.45

 

Feeder Cattle:

January: 164.85… -0.87

March: 166.50… -0.05

April: 168.82… +0.25

 

February Hogs: 79.97… -0.95

January Crude Oil: 66.18… -3.77

 

March Corn: 5.6750… -0.1475

March Wheat: 7.8725… -0.3500

 

Grain Cash Bids:

Omaha Corn: 5.57… -0.14

Kansas City Wheat: 7.89… -0.35

 

Financial Markets:

DJIA: 34,485.77… -650.01

S & P 500: 4,572.94… -81.97

NASDAQ: 15,543.40… -246.21

U.S. Dollar Index: 95.91… -0.43