Nov 15 2022

Texas Daily Ag Market News Summary Posted 2 years 12 days ago by Administrator Account

Daily Market Summary for November 15th

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 Tuesday, negotiated cash trading has been mostly inactive on light demand in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been limited on light demand. Not enough purchases in any region 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:          1,847

Week Ago:           1,644

Year Ago:             1,117

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,100

Weighted avg. weight:         867.00

Weighted avg. net price:     244.24

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       129,000

Week ago (est)                     129,000

Year ago (act)                       123,000

Week to Date                       257,000

Same Period Last Week     252,000

Same Period Last Year       244,000

Monday:

Steers & Heifers:          100,000

Cows & Bulls:                  28,000

 

Boxed Beef:

Cutout Values:

Choice: 258.36… +0.38

Select:  233.76… -1.45

Choice/Select Spread: 26.60

Total Load Count: 157

 

Cutter Cow Cutout:

194.74… -0.59

 

CME Feeder Cattle Index for November 14th:

175.18… -0.05 / -0.03%

1 Year Change: +12.66%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.27… -0.30

February: 153.05… +0.50

April: 156.72… +0.30

 

Feeder Cattle:

November: 175.67… -1.28

January: 177.02… -2.43

March: 179.80… -1.97

 

December Hogs: 85.32… +0.45

December Crude Oil: 86.92… +1.05

 

December Corn: 6.6675… +0.0950

December Wheat: 8.2825… +0.0975

 

Grain Cash Bids:

Omaha Corn: 7.17… +0.05

Kansas City Wheat: 9.08… +0.07

 

Financial Markets:

DJIA: 33,594.17… +25.23

S & P 500: 3,991.91… +33.82

NASDAQ: 11,358.41… +163.41

U.S. Dollar Index: 106.44… -0.22