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Nov
18
2022
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Posted 69 days ago ago by Administrator Account
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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!
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