Nov 16 2023

Texas Daily Ag Market News Summary Posted 1 years 11 days ago by Administrator Account

Daily Market Summary for November 16th

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been light on light to moderate demand. Compared to last week in the Texas Panhandle live FOB purchases traded 3.00 lower at 178.00. For Thursday in Kansas negotiated cash trade has been light on moderate demand. Compared to last week in Kansas live FOB purchases traded mostly 2.00 lower at 178.00. Thus far for Thursday in Nebraska negotiated cash trading cash trading has been light on light to moderate demand. Compared to last week in Nebraska live FOB purchases traded 3.50 lower at 178.00. The most recent dressed delivered was Wednesday at 282.00. In the Western Cornbelt negotiated cash trading has been light on light to moderate demand. Compared to last week in the Western Cornbelt live FOB purchases traded steady to 2.00 lower at 178.00. Last week dressed delivered purchases traded from 283.00-287.00.

Negotiated Sales:                                                                                               

Confirmed:   26,180

Week Ago:    28,983

Year Ago:      22,694

Formula Net - Dressed Steers & Heifers:

Head count priced today:  27,900

Weighted avg. weight:        904.00

Weighted avg. net price:    292.37

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Cattle Slaughter under Federal Inspection

Thursday        119,000

Week Ago         122,000

Year Ago           126,000

Week to Date   495,000

Last Week         493,000

Last Year           512,000 

Wednesday

Steers & Heifers: 98,000

Cows & Bulls:    27,000

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Boxed Beef:

Cutout Values:

Choice: 294.72… -1.61

Select: 267.65… -0.20

Choice/Select Spread: 27.07

Total Load Count: 135

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Cutter Cow Cutout:

221.28… -6.42

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CME Feeder Cattle Index for November 15th:

228.76… +0.41 / +0.18%

1 Year Change: +30.73%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 174.75… -3.02

December: 175.32… -3.45

February: 177.10… -3.37

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Feeder Cattle:

November: 229.37… -0.05

January: 227.50… -3.40

March: 230.10… -3.40

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February Lean Hogs: 75.62… +0.72

December Crude Oil: 72.90… -3.76

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December Corn: 4.7475… +0.0400

December Wheat: 5.5350… -0.0700

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Grain Cash Bids:

Omaha Corn: 4.81… +0.04

Kansas City Wheat: 5.52… -0.08

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Financial Markets:

DJIA: 34,946.00… -45.61

S & P 500: 4,508.26… +5.34

NASDAQ: 14,113.67… +9.83

U.S. Dollar Index: 104.43… +0.04