Nov 30 2022

Texas Daily Ag Market News Summary Posted 1 years 145 days ago by Administrator Account

Daily Market Summary for November 30th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in the Southern Plains with a few live purchases at 155.00, however enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 154.00-155.00. In Kansas last week live purchases traded at 155.00. Negotiated cash trading has been inactive on light demand in Nebraska and the Western Cornbelt and at a standstill in Colorado. Not enough purchases for a market trend. The prior week was the last reported market in these regions. In Nebraska live and dressed purchases traded from 157.00-158.00 and at 245.00, respectively. In the Western Cornbelt live and dressed purchases traded from 155.00-157.00 and at 245.00, respectively.

Negotiated Sales:

Confirmed:        18,300

Week Ago:         55,043

Year Ago:             1,119

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,200

Weighted avg. weight:         867.00

Weighted avg. net price:     246.58

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 128,000

Week ago (est)                     129,000

Year ago (act)                       124,000

Week to Date                       384,000

Same Period Last Week     386,000

Same Period Last Year       369,000

Tuesday:

Steers & Heifers:            99,000

Cows & Bulls:                  29,000

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Boxed Beef:

Cutout Values:

Choice: 254.88… +0.14

Select:  225.01… -0.88

Choice/Select Spread: 29.87

Total Load Count: 190

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Cutter Cow Cutout:

190.69… +0.88

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CME Feeder Cattle Index for November 29th:

178.40… -0.45 / -0.25%

1 Year Change: +10.40%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 153.07… +0.40

February: 155.67… +0.87

April: 159.27… +0.70

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Feeder Cattle:

January: 180.47… +2.47

March: 183.45… +2.28

April: 186.80… +1.95

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February Hogs: 85.35… +1.20

January Crude Oil: 80.55… +2.35

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March Corn: 6.6700… -0.0250

March Wheat: 7.9550… +0.1400

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Grain Cash Bids:

Omaha Corn: 7.18… -0.03

Kansas City Wheat: 8.44… +0.07

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Financial Markets:

DJIA: 34,587.46… +736.98

S & P 500: 4,079.64… +122.21

NASDAQ: 11,468.00… +483.31

U.S. Dollar Index: 105.86… -0.96