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Nov
24
2020

Texas Daily Ag Market News Summary

Posted 103 days ago ago by Administrator Account

Daily Market Summary for November 24th

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, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been limited on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 110.00 and dressed purchases, in Nebraska traded at 172.00. For previous week in the Western Cornbelt live purchases traded mostly at 109.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:           3,478

Week Ago:            4,683

Year Ago:                 640

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,800

Weighted avg. weight:       880 lbs.

Weighted avg. net price:    179.47

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     122,000

Week ago (est)                  121,000

Year ago (act)                    109,000

Week to Date                    242,000

Same Period Last Week   240,000

Same Period Last year     229,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 244.30… +2.70

Select:  219.71… +2.23

Choice/Select Spread: 24.59

Total Load Count: 161

            

Cutter Cow Cutout:

168.05… +0.63

   

CME Feeder Cattle Index for November 23rd:

137.12… +0.18

            

Futures Settlements…

Live Cattle:

December: 111.17… +1.17

February: 113.95… +1.05

April: 117.15… +0.60

   

Feeder Cattle:

January: 138.60… +0.78

March: 138.12… +0.85

April: 139.35… +0.38

     

December Hogs: 65.30… +0.35

January Crude Oil: 44.91… +1.85

   

March Corn: 4.3250… -0.0075

March Wheat: 6.1750… +0.1300

   

Grain Cash Bids:

Kansas City Corn: 4.25… -0.01

Kansas City Wheat: 5.31… +0.10

   

Financial Markets:

DJIA: 30,046.24… +454.97

S & P 500: 3,635.43… +57.84

NASDAQ: 12,036.79… +156.16

U.S. Dollar Index: 92.16… -0.35