Nov 23 2020

Texas Daily Ag Market News Summary Posted 3 years 153 days ago by Administrator Account

Daily Market Summary for November 23^rd

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 Monday, negotiated cash trading in the Western Conbelt has been mostly inactive on very light demand. Negotiated cash trading has been at a standstill in all other feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains and Nebraska live purchases traded at 110.00 and in Nebraska, dressed purchases traded at 172.00. In the Western Cornbelt live purchases traded from 109.00-110.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:           384

Week Ago:            441

Year Ago:              505

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,900

Weighted avg. weight:       880 lbs.

Weighted avg. net price:    176.65

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                  119,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 241.60… +3.25

Select:  217.48… +2.50

Choice/Select Spread: 24.12

Total Load Count: 122

            

Cutter Cow Cutout:

167.42… +0.15

   

CME Feeder Cattle Index for November 20^th:

136.94… +0.19

            

Futures Settlements…

Live Cattle:

December: 110.00… +1.90

February: 112.90… +2.25

April: 116.55… +2.10

   

Feeder Cattle:

January: 137.82… +3.22

March: 137.27… +2.90

April: 138.97… +2.80

     

December Hogs: 64.95… +0.83

January Crude Oil: 43.06… +0.64

   

December Corn: 4.2650… +0.0325

December Wheat: 5.9875… +0.0550

   

Grain Cash Bids:

Kansas City Corn: 4.26… +0.04

Kansas City Wheat: 5.21… +0.01

   

Financial Markets:

DJIA: 29,591.27… +327.79

S & P 500: 3,577.59… +20.04

NASDAQ: 11,880.63… +25.66

U.S. Dollar Index: 92.54… +0.15