Nov 19 2020

Texas Daily Ag Market News Summary Posted 3 years 152 days ago by Administrator Account

Daily Market Summary for November 19^th

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

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited with moderate demand. In Kansas a few live purchases traded at 110.00. In Nebraska and Western Cornbelt a few dressed purchases traded at 172.00. In the Texas Panhandle negotiated cash trading has been inactive on very light demand. However, not enough purchases in any feeding region for a full market trend. Thursday was the last reported market in all regions. 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:       15,803

Week Ago:        35,891

Year Ago:          10,073

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,900

Weighted avg. weight:       891 lbs.

Weighted avg. net price:    177.63

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   119,000

Week ago (est)                  120,000

Year ago (act)                    115,000

Week to Date                    478,000

Same Period Last Week   472,000

Same Period Last year     473,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 237.10… +1.86

Select:  213.89… +0.27

Choice/Select Spread: 23.81

Total Load Count: 152

            

Cutter Cow Cutout:

168.14… +1.83

   

CME Feeder Cattle Index for November 17^th:

137.38… -0.17

            

Futures Settlements…

Live Cattle:

December: 108.25… -2.40

February: 110.52… -2.63

April: 114.20… -2.42

   

Feeder Cattle:

November: 136.77… -0.25

January: 135.55… -1.75

March: 134.95… -1.95

     

December Hogs: 63.70… -2.10

December Crude Oil: 41.74… -0.08

   

December Corn: 4.2250… -0.0325

December Wheat: 5.9175… -0.0600

   

Grain Cash Bids:

Kansas City Corn: 4.22… -0.03

Kansas City Wheat: 5.19… -0.09

   

Financial Markets:

DJIA: 29,483.10… +44.68

S & P 500: 3,581.87… +14.08

NASDAQ: 11,904.71… +103.11

U.S. Dollar Index: 92.27… -0.05