Nov 17 2020

Texas Daily Ag Market News Summary Posted 4 years 230 days ago by Administrator Account

Daily Market Summary for November 17^th

The Daily Market News Report bought 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 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 13^th:

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