Nov 16 2022

Texas Daily Ag Market News Summary Posted 2 years 11 days ago by Administrator Account

Daily Market Summary for November 16th

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 Wednesday, negotiated cash trading has been slow on light demand in the Texas Panhandle. Compared to last week live purchases traded steady at 150.00. In Kansas and Nebraska negotiated cash trading has been limited on light demand. A few live purchases in Kansas traded at 150.00. In Nebraska a few live purchases traded at 153.00. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. Last week in Kansas 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:          11,309

Week Ago:           20,944

Year Ago:                4,389

Formula Net - Dressed Steers & Heifers:

Head count priced today:   15,400

Weighted avg. weight:         890.00

Weighted avg. net price:     241.81

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 129,000

Week ago (est)                     129,000

Year ago (act)                       122,000

Week to Date                       386,000

Same Period Last Week     381,000

Same Period Last Year       366,000

Tuesday:

Steers & Heifers:          100,000

Cows & Bulls:                  29,000

 

Boxed Beef:

Cutout Values:

Choice: 257.09… -1.27

Select:  231.35… -0.41

Choice/Select Spread: 25.74

Total Load Count: 170

 

Cutter Cow Cutout:

194.60… -0.14

 

CME Feeder Cattle Index for November 15th:

174.98… -0.20 / -0.11%

1 Year Change: +12.54%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 151.80… +0.53

February: 154.25… +1.20

April: 157.72… +1.00

 

Feeder Cattle:

November: 175.70… +0.03

January: 177.47… +0.45

March: 180.25… +0.45

 

December Hogs: 85.57… +0.25

December Crude Oil: 85.59… +1.33

 

December Corn: 6.6525… -0.0150

December Wheat: 8.1750… -0.1075

 

Grain Cash Bids:

Omaha Corn: 7.10… -0.02

Kansas City Wheat: 8.95… -0.10

 

Financial Markets:

DJIA: 33,553.83… -39.09

S & P 500: 3,958.80… -32.93

NASDAQ: 11,183.66… -174.75

U.S. Dollar Index: 106.24… -0.16