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Nov
13
2020
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Posted 114 days ago ago by Administrator Account
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Daily Market Summary for November 13th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Friday in the Southern Plains, negotiated cash trading and demand have been moderate. Compared to last week live purchases traded mostly 3.00 higher at 110.00. So far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been limited on moderate demand. In Nebraska live and dressed purchases traded steady at 110.00 and 172.00 when compared to the last reported market on Thursday. In the Western Cornbelt live and dressed purchases traded steady from 108.00-110.00 and 172.00 when compared to the last reported market on Thursday.
Negotiated Sales:
Confirmed: 38,149
Week Ago: 5,846
Year Ago: 12,170
Formula Net
Dressed Steers & Heifers:
Head count priced today: 14,200
Weighted avg. weight: 874 lbs.
Weighted avg. net price: 173.45
Cattle Slaughter under Federal Inspection:
Friday (est) 120,000
Week ago (est) 120,000
Year ago (act) 121,000
Week to Date 472,000
Same Period Last Week 479,000
Same Period Last year 472,000
Previous Day (est)
Steers & Heifers: 89,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 225.98… -0.52
Select: 209.46… +1.22
Choice/Select Spread: 16.52
Total Load Count: 171
Cutter Cow Cutout:
164.71… -0.81
CME Feeder Cattle Index for November 12th:
137.35… +0.65
Futures Settlements…
Live Cattle:
December: 109.92… -2.05
February: 112.22… -2.58
April: 116.20… -2.15
Feeder Cattle:
November: 137.47… -2.60
January: 137.87… -2.85
March: 137.15… -2.55
December Hogs: 64.90… -0.90
December Crude Oil: 40.13… -0.99
December Corn: 4.1050… +0.0225
December Wheat: 5.9350… +0.0525
Grain Cash Bids:
Kansas City Corn: 4.02… +0.03
Kansas City Wheat: 5.17… +0.08
Financial Markets:
DJIA: 29,479.81… +400.30
S & P 500: 3,585.18… +48.19
NASDAQ: 11,829.29… +119.70
U.S. Dollar Index: 92.75… -0.21