Nov
17
2020
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Posted 151 days ago ago by Administrator Account
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Daily Market Summary for November 17th
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 Tuesday in the Texas Panhandle, negotiated cash trading has been limited on light demand. Early live purchases moved steady at 110.00 when compared to last week. Thus far for Tuesday in Kansas and Western Cornbelt negotiated cash trading was mostly inactive on light demand. In Nebraska negotiated cash trading was at a standstill. Not enough purchases in these regions for a market trend. Last week in Kansas and Nebraska live purchases traded at 110.00 and dressed purchases, in Nebraska, traded at 172.00. For the prior week in the Western Cornbelt live purchases traded from 108.00-110.00 and dressed purchases traded at 172.00.
Negotiated Sales:
Confirmed: 4,683
Week Ago: 294
Year Ago: 1,082
Formula Net
Dressed Steers & Heifers:
Head count priced today: 12.500
Weighted avg. weight: 895 lbs.
Weighted avg. net price: 172.59
Cattle Slaughter under Federal Inspection:
Tuesday (est) 121,000
Week ago (est) 120,000
Year ago (act) 120,000
Week to Date 240,000
Same Period Last Week 237,000
Same Period Last year 239,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 233.72… +6.77
Select: 213.96… +1.61
Choice/Select Spread: 19.76
Total Load Count: 142
Cutter Cow Cutout:
167.34… +0.86
CME Feeder Cattle Index for November 13th:
137.68… +0.33
Futures Settlements…
Live Cattle:
December: 111.32… +0.90
February: 113.57… +1.55
April: 117.25… +0.90
Feeder Cattle:
November: 137.37… +0.10
January: 139.72… +1.80
March: 139.17… +1.50
December Hogs: 65.52… +0.37
December Crude Oil: 41.43… +0.09
December Corn: 4.2025… +0.0400
December Wheat: 5.9525… -0.0275
Grain Cash Bids:
Kansas City Corn: 4.19… +0.04
Kansas City Wheat: 5.23… -0.05
Financial Markets:
DJIA: 29,783.35… -168.01
S & P 500: 3,609.54… -17.43
NASDAQ: 11,899.34… -24.79
U.S. Dollar Index: 92.44… -0.20