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Nov
17
2022
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Posted 73 days ago ago by Administrator Account
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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!
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