Nov 21 2022

Texas Daily Ag Market News Summary Posted 2 years 6 days ago by Administrator Account

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!

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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