Nov 14 2022

Texas Daily Ag Market News Summary Posted 2 years 13 days ago by Administrator Account

Daily Market Summary for November 14th

The Daily Market News Report brought 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 at a standstill in the Texas Panhandle and Nebraska. In Kansas and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 150.00. For the prior week in Nebraska live and dressed purchases traded at 153.00 and at 242.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 153.00-154.00 and from 240.00-242.00, respectively.

Negotiated Sales:

Confirmed:          688

Week Ago:           250

Year Ago:             235

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,400

Weighted avg. weight:         882.00

Weighted avg. net price:     243.45

 

Cattle Slaughter under Federal Inspection

Monday (est)                        128,000

Week ago (est)                     123,000

Year ago (act)                       121,000

Friday:

Steers & Heifers:          102,000

Cows & Bulls:                 29,000

 

Boxed Beef:

Cutout Values:

Choice: 257.98… -0.96

Select:  233.21… -2.06

Choice/Select Spread: 24.77

Total Load Count: 139

 

Cutter Cow Cutout:

195.33… +1.33

 

CME Feeder Cattle Index for November 11th:

175.23… -0.23 / -0.13%

1 Year Change: +12.74%

52 Week Range: 152.31 to 183.16

 

Futures Settlements

Live Cattle:

December: 151.57… +0.05

February: 152.55… -0.70

April: 156.42… -0.63

 

Feeder Cattle:

November: 176.95… Unchanged

January: 179.45… +0.88

March: 181.77… +0.62

 

December Hogs: 84.87… +0.52

December Crude Oil: 85.87… -3.10

 

December Corn: 6.5725… -0.0075

December Wheat: 8.1850… +0.0475

 

Grain Cash Bids:

Omaha Corn: 7.12… +0.07

Kansas City Wheat: 9.01… +0.07

 

Financial Markets:

DJIA: 33,568.94… -180.24

S & P 500: 3,958.09... -35.06

NASDAQ: 11,195.00… -124.43

U.S. Dollar Index: 106.79… +0.50