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Nov
24
2020
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Posted 103 days ago ago by Administrator Account
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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