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Texas Daily Ag Market News Summary

Posted 138 days ago ago by Administrator Account

Daily Market Summary for November 30th

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 has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 111.00. For the prior week in Nebraska live and dressed purchases traded from 110.00-111.00 and at 174.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 109.00-110.00 and from 172.00-174.00, respectively.

      

Negotiated Sales:

Confirmed:           450

Week Ago:            384

Year Ago:              789

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,100

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    177.11

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  120,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 243.68… +0.83

Select:  222.43… +1.75

Choice/Select Spread: 21.25

Total Load Count: 84

            

Cutter Cow Cutout:

168.93… +0.60

   

CME Feeder Cattle Index for November 25th:

136.90… -0.53

            

Futures Settlements…

Live Cattle:

December: 110.17… -0.45

February: 112.87… -0.38

April: 116.40… -0.55

   

Feeder Cattle:

January: 141.05… +1.23

March: 139.97… +0.97

April: 141.07… +0.75

     

December Hogs: 67.57… +1.70

January Crude Oil: 45.34… -0.19

   

March Corn: 4.2600… -0.0775

March Wheat: 5.8500… -0.2100

   

Grain Cash Bids:

Kansas City Corn: 4.19… -0.06

Kansas City Wheat: 5.16… -0.16

   

Financial Markets:

DJIA: 29,639.23... -271.14

S & P 500: 3,621.69... -16.66

NASDAQ: 12,198.74... -7.11

U.S. Dollar Index: 91.99... +0.20