Nov 29 2022

Texas Daily Ag Market News Summary Posted 2 years 219 days ago by Administrator Account

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!

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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