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Nov
14
2022
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Posted 73 days ago ago by Administrator Account
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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!
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