Nov 17 2023

Texas Daily Ag Market News Summary Posted 166 days ago by Administrator Account

Daily Market Summary for November 17th

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle: 

As of 3:00 PM Friday in the Southern Plains, negotiated cash trade was mostly inactive on light demand. The most recent market in the Texas Panhandle was Thursday with live FOB purchases traded at 178.00. The most recent market in Kansas was Thursday with live FOB purchases traded at 178.00. In Nebraska and the Western Cornbelt negotiated cash trading cash trading was limited on light demand. The most recent market in Nebraska was Thursday with live FOB purchases traded at 178.00. The most recent market was Thursday dressed delivered was Wednesday at 282.00. The most recent market in the Western Cornbelt was Thursday with live FOB purchases traded at 178.00. The most recent market in the Western Cornbelt was Thursday with dressed delivered purchases traded at 282.00.

Negotiated Sales:                                                                                               

Confirmed:    5,834

Week Ago:     2,631

Year Ago:       4,015

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,100

Weighted avg. weight:        896.00

Weighted avg. net price:     289.53

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Cattle Slaughter under Federal Inspection

Friday                 121,000

Week Ago          114,000

Year Ago            124,000

Week to Date    616,000

Last Week          607,000

Last Year            636,000 

Thursday

Steers & Heifers:  91,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 293.87… -0.85

Select:  270.70… +3.05

Choice/Select Spread: 23.17

Total Load Count: 85

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Cutter Cow Cutout:

225.03… +3.75

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CME Feeder Cattle Index for November 16th:

228.64… -0.12 / -0.05%

1 Year Change: +30.36%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 175.75… +1.00

December: 176.80… +1.48

February: 178.42… +1.32

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Feeder Cattle:

November: 229.37… Unchanged

January: 228.50… +1.00

March: 230.97… +0.87

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February Lean Hogs: 75.45… -0.17

December Crude Oil: 75.89… +2.99

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December Corn: 4.6700… -0.0775

December Wheat: 5.5075… -0.0275

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Grain Cash Bids:

Omaha Corn: 4.72… -0.09

Kansas City Wheat: 5.43… -0.09

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Financial Markets:

DJIA: 34,947.61… +1.61

S & P 500: 4,514.08… +5.82

NASDAQ: 14,125.48… +11.81

U.S. Dollar Index: 103.88… -0.47