Nov 18 2022

Texas Daily Ag Market News Summary Posted 2 years 9 days ago by Administrator Account

Daily Market Summary for November 18th

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 Friday in the Western Cornbelt, negotiated cash trading has been limited on light demand. A few live purchases traded at 155.00. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any regions for a full market trend. Thursday was the last reported market in the Southern Plains and Western Cornbelt. In the Texas Panhandle live purchases traded from 150.00-151.00. In Kansas live purchases traded from 151.00-152.00. In the Western Cornbelt live and dressed purchases traded from 154.00-155.00 and at 242.00, respectively. In Nebraska the last reported live purchase market was on Thursday from 153.00-155.00 and Wednesday was the last reported dressed purchase market at 242.00.

Negotiated Sales:

Confirmed:          4,015

Week Ago:           2,998

Year Ago:              6,447

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,700

Weighted avg. weight:        867.00

Weighted avg. net price:    245.03

 

Cattle Slaughter under Federal Inspection

Friday (est)                           125,000

Week ago (est)                     120,000

Year ago (act)                       122,000

Week to Date                       640,000

Same Period Last Week     630,000

Same Period Last Year       610,000

Thursday:

Steers & Heifers:          99,000

Cows & Bulls:                30,000

 

Boxed Beef:

Cutout Values:

Choice: 254.87… -2.23

Select:  232.83… +1.09

Choice/Select Spread: 22.04

Total Load Count: 121

 

Cutter Cow Cutout:

195.73… +3.63

 

CME Feeder Cattle Index for November 17th:

175.36… -0.03 / -0.02%

1 Year Change: +12.66%

52 Week Range: 152.31 to 183.16

 

Futures Settlements…

Live Cattle:

December: 153.07… +0.32

February: 155.85… +0.45

April: 159.25… +0.35

 

Feeder Cattle:

January: 180.77… +0.80

March: 183.12… +0.62

April: 186.10… +0.33

 

December Hogs: 84.22… -0.75

December Crude Oil: 80.08… -1.56

 

December Corn: 6.6775… +0.0025

December Wheat: 8.0325… -0.0350

 

Grain Cash Bids:

Omaha Corn: 7.12… -0.01

Kansas City Wheat: 8.76… -0.04

 

Financial Markets:

DJIA: 33,747.14… +200.69

S & P 500: 3,965.48… +18.77

NASDAQ: 11,146.06… +1.10

U.S. Dollar Index: 106.94… +0.25