Nov 17 2022

Texas Daily Ag Market News Summary Posted 2 years 10 days ago by Administrator Account

Daily Market Summary for November 17th

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 Thursday in Kansas, negotiated cash trading has been slow to moderate with moderate demand. Compared to last week live purchases traded mostly 1.00 higher, with a few up to 152.00. In the Texas Panhandle, Nebraska and Western Cornbelt negotiated cash trading has been slow on light demand. In the Texas Panhandle, compared to the last reported market on Wednesday, live purchases traded steady to 1.00 higher from 150.00-151.00, with a few up to 152.00. In Nebraska and few live purchases traded from 154.00-155.00, however, not enough for a full market trend. Wednesday was the last reported market with live and dressed purchases at 153.00 and at 242.00, respectively. In the Western Cornbelt not enough purchases in any price range for a full market trend. The last reported live purchase market was on Wednesday at 153.00. Last week dressed purchases traded from 240.00-242.00

Negotiated Sales:

Confirmed:         22,694

Week Ago:          20,680

Year Ago:            57,608

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,000

Weighted avg. weight:         907.00

Weighted avg. net price:     244.87

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     129,000

Week ago (est)                     129,000

Year ago (act)                       122,000

Week to Date                       515,000

Same Period Last Week     510,000

Same Period Last Year       488,000

Wednesday:

Steers & Heifers:          99,000

Cows & Bulls:                30,000

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Boxed Beef:

Cutout Values:

Choice: 257.10… +0.01

Select:  231.74… +0.39

Choice/Select Spread: 25.36

Total Load Count: 165

 

Cutter Cow Cutout:

192.10… -2.50

 

CME Feeder Cattle Index for November 16th:

175.39… +0.41 / +0.23%

1 Year Change: +12.82%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 152.75… +0.95

February: 155.40… +1.15

April: 158.90… +1.18

 

Feeder Cattle:

January: 179.97… +2.50

March: 182.50… +2.25

April: 185.77… +2.12

 

December Hogs: 84.97… -0.60

December Crude Oil: 81.64… -3.95

 

December Corn: 6.6750… +0.0225

December Wheat: 8.0675… -0.1075

 

Grain Cash Bids:

Omaha Corn: 7.13… +0.03

Kansas City Wheat: 8.80… -0.15

 

Financial Markets:

DJIA: 33,546.45… -7.38

S & P 500: 3,946.71… -12.09

NASDAQ: 11,144.96… -38.70

U.S. Dollar Index: 106.65… -0.37