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Nov
21
2022
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Posted 66 days ago ago by Administrator Account
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Daily Market Summary for November 21st
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 Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. Not enough purchase in any feeding region for an adequate market test. The latest established market in any feeding region was last week with live purchases in the Texas Panhandle at 150.00 with a few up to 152.00. In Kansas last week live purchases traded from 150.00-152.00. In Nebraska last week, live purchases traded from 153.00-155.00 with dressed purchases at 242.00, with a few up to 242.50. Last week in the Western Cornbelt, live purchases traded from 152.00-155.00 with dressed purchases at 242.00.
Negotiated Sales:
Confirmed: 110
Week Ago: 583
Year Ago: 1,203
Formula Net - Dressed Steers & Heifers:
Head count priced today: 35,100
Weighted avg. weight: 878.00
Weighted avg. net price: 241.57
Cattle Slaughter under Federal Inspection
Monday (est) 128,000
Week ago (est) 128,000
Year ago (act) 122,000
Friday:
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 255.38… +0.51
Select: 233.62… +0.79
Choice/Select Spread: 21.76
Total Load Count: 112
Cutter Cow Cutout:
195.38… -0.35
CME Feeder Cattle Index for November 18th:
174.64… -0.72 / -0.41%
1 Year Change: +11.74%
52 Week Range: 152.31 to 183.16
Futures Settlements…
Live Cattle:
December: 153.55… +0.48
February: 156.72… +0.87
April: 160.12… +0.87
Feeder Cattle:
January: 182.62… +1.85
March: 185.10… +1.98
April: 188.05… +1.95
February Hogs: 90.15… +0.60
December Crude Oil: 79.73… -0.35
December Corn: 6.5950… -0.0825
December Wheat: 7.9925… -0.0400
Grain Cash Bids:
Omaha Corn: 7.04… -0.08
Kansas City Wheat: 8.74… -0.02
Financial Markets:
DJIA: 33,700.87… -46.27
S & P 500: 3,949.99… -15.49
NASDAQ: 11,024.51… -121.55
U.S. Dollar Index: 107.79… +0.85