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Nov
22
2022
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Posted 68 days ago ago by Administrator Account
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Daily Market Summary for November 22nd
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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchase for an adequate market test. The latest established market in any feeding region was last week. In the Texas Panhandle live purchases traded at 150.00. In Kansas live purchases traded from 150.00-152.00. In Nebraska live purchases traded from 153.00-155.00 with dressed purchases at 242.00. In the Western Cornbelt, live purchases traded from 152.00-155.00 and dressed purchases at 242.00.
Negotiated Sales:
Confirmed: 239
Week Ago: 1,847
Year Ago: 10,352
Formula Net - Dressed Steers & Heifers:
Head count priced today: 26,000
Weighted avg. weight: 879.00
Weighted avg. net price: 247.03
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Cattle Slaughter under Federal Inspection
Tuesday (est) 129,000
Week ago (est) 129,000
Year ago (act) 124,000
Week to Date 257,000
Same Period Last Week 257,000
Same Period Last Year 246,000
Monday:
Steers & Heifers: 100,000
Cows & Bulls: 28,000
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Boxed Beef:
Cutout Values:
Choice: 255.38
Select: 233.62
Choice/Select Spread: 21.76
Total Load Count: 112
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Cutter Cow Cutout:
195.38
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CME Feeder Cattle Index for November 21st:
174.64… -0.72 / -0.41%
1 Year Change: +11.74%
52 Week Range: 152.31 to 183.16
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Futures Settlements…
Live Cattle:
December: 153.80… +0.25
February: 156.42… -0.30
April: 159.90… -0.22
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Feeder Cattle:
January: 181.67… -0.95
March: 184.57… -0.53
April: 187.92… -0.13
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February Hogs: 90.07… -0.08
January Crude Oil: 80.95… +0.91
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December Corn: 6.5675… -0.0275
December Wheat: 7.9150… -0.0775
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Grain Cash Bids:
Omaha Corn: 7.02… -0.02
Kansas City Wheat: 8.62… -0.12
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Financial Markets:
DJIA: 34,098.03… +397.16
S & P 500: 4,003.93… +53.64
NASDAQ: 11,174.41… +149.90
U.S. Dollar Index: 107.17… -0.67