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Nov
29
2022
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Posted 58 days ago ago by Administrator Account
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Daily Market Summary for November 29th
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 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: 130
Week Ago: 239
Year Ago: 3,792
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,000
Weighted avg. weight: 883.00
Weighted avg. net price: 249.69
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Cattle Slaughter under Federal Inspection
Tuesday (est) 128,000
Week ago (est) 129,000
Year ago (act) 124,000
Week to Date 256,000
Same Period Last Week 257,000
Same Period Last Year 245,000
Monday:
Steers & Heifers: 101,000
Cows & Bulls: 27,000
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Boxed Beef:
Cutout Values:
Choice: 254.74… +0.21
Select: 225.82… -2.71
Choice/Select Spread: 28.92
Total Load Count: 152
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Cutter Cow Cutout:
189.81… -0.14
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CME Feeder Cattle Index for November 28th:
178.85… +1.66 / +0.94%
1 Year Change: +10.09%
52 Week Range: 152.31 to 183.16
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Futures Settlements…
Live Cattle:
December: 152.67… +0.10
February: 154.80… +0.13
April: 158.57… +0.12
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Feeder Cattle:
January: 178.00… +1.13
March: 181.17… +0.57
April: 184.50… +0.10
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February Hogs: 84.15… -0.60
January Crude Oil: 78.20… +0.96
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March Corn: 6.6950… -0.0175
March Wheat: 7.8150… +0.0075
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Grain Cash Bids:
Omaha Corn: 7.21… -0.04
Kansas City Wheat: 8.37… -0.08
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Financial Markets:
DJIA: 33,850.48… +0.82
S & P 500: 3,957.43… -6.59
NASDAQ: 10,984.69… -64.81
U.S. Dollar Index: 106.85… +0.17