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Nov
28
2022

Texas Daily Ag Market News Summary

Posted 59 days ago ago by Administrator Account

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