|
Nov
15
2022
|
|
Posted 75 days ago 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!
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