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Nov
28
2022
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Posted 59 days ago ago by Administrator Account
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Daily Market Summary for November 28th
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 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 purchases for a market trend. The prior week was the last reported market in all regions. In the Texas Panhandle live purchases traded from 154.00-155.00. In Kanas live purchases traded at 155.00. In Nebraska live and dressed purchases traded from 157.00-158.00 and at 245.00, respectively. In the Western Cornbelt live and dressed purchases traded from 155.00- 157.00 and at 245.00, respectively.
Negotiated Sales:
Confirmed: 340
Week Ago: 110
Year Ago: 250
Formula Net - Dressed Steers & Heifers:
Head count priced today: 40,600
Weighted avg. weight: 867.00
Weighted avg. net price: 245.73
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Cattle Slaughter under Federal Inspection
Monday (est) 128,000
Week ago (est) 128,000
Year ago (act) 121,000
Thursday:
Steers & Heifers: 94,000
Cows & Bulls: 27,000
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Boxed Beef:
Cutout Values:
Choice: 254.53… +2.70
Select: 228.53… -5.84
Choice/Select Spread: 26.00
Total Load Count: 85
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Cutter Cow Cutout:
189.95… +0.04
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CME Feeder Cattle Index for November 25th:
177.19… +3.56 / +2.05%
1 Year Change: +9.86%
52 Week Range: 152.31 to 183.16
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Futures Settlements…
Live Cattle:
December: 152.57… -0.50
February: 154.67… -0.45
April: 158.45… -0.52
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Feeder Cattle:
January: 176.87… -1.43
March: 180.60… -0.95
April: 184.40… -0.72
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February Hogs: 84.75… -3.75
January Crude Oil: 77.24… +0.96
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March Corn: 6.7125… Unchanged
March Wheat: 7.8075… -0.1625
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Grain Cash Bids:
Omaha Corn: 7.25… +0.03
Kansas City Wheat: 8.45… -0.12
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Financial Markets:
DJIA: 33,849.66… -497.44
S & P 500: 3,964.02… -62.15
NASDAQ: 11,049.50… -176.86
U.S. Dollar Index: 106.72… +0.76