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Daily Market Summary for November 28th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market Velocity Trendlines +/-

10-Day Index Trendline

Change from Previous Day: +3.48%

Change from 10 Days Ago:  -6.01%

 

 60-Day Index Trendline

Change from 60 Days Ago: -31.62%​

Change from 60 Day High: -33.06%

 
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
15 market factors compared to the previous trading day.

Monday Regional Auction Reports

 

Fed Cattle:
As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Monday at 175.00. In Kansas negotiated cash trade was mostly inactive on light demand. A few live FOB purchases traded at 175.00, however, not enough purchases for a market trend. Last week live FOB purchases traded at 177.00. In Nebraska negotiated cash trading cash trading has been mostly inactive on light demand. Last week live FOB purchases, on a very light test, traded at 176.00 and dressed delivered purchases traded mostly at 280.00. In Western Cornbelt negotiated cash trading was mostly inactive on light demand, however not enough purchases for a market test. Last week live FOB purchases traded from 175.00-178.00 and dressed delivered purchases from 278.00-280.00.
Negotiated Sales:                                                                                               
Confirmed:    3,089
Week Ago:     1,510
Year Ago:          130
Formula Net - Dressed Steers & Heifers:
Head count priced today:   27,400
Weighted avg. weight:         887.00
Weighted avg. net price:     285.36
-
Cattle Slaughter under Federal Inspection
Tuesday             125,000
Week Ago           126,000
Year Ago             128,000
Week to Date     248,000
Last Week           251,000
Last Year             255,000 
Monday
Steers & Heifers:  97,000
Cows & Bulls:        26,000
-
Boxed Beef:
Cutout Values:
Choice: 298.17… +0.92
Select:  266.35… -1.45
Choice/Select Spread: 31.82
Total Load Count: 164
-
Cutter Cow Cutout:
219.58… -0.78
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CME Feeder Cattle Index for November 27th:
226.96… -3.42 / -1.48%
1 Year Change: +29.82%
52 Week Range: 173.63 to 254.09
-
Futures Settlements…
Live Cattle:
December: 171.65… +2.88
February: 172.82… +4.00
April: 174.87… +4.20
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Feeder Cattle:
January: 221.05… +8.25
March: 223.50… +7.20
April: 227.42… +7.20
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February Lean Hogs: 69.02… +2.10
January Crude Oil: 76.41… +1.55
-
December Corn: 4.5150… -0.0400
December Wheat: 5.4375… +0.0950
-
Grain Cash Bids:
Omaha Corn: 4.57… -0.03
Kansas City Wheat: 5.38… +0.23
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Financial Markets:
DJIA: 35,416.78… +83.38
S & P 500: 4,554.91… +4.49
NASDAQ: 14,281.76… +40.74
U.S. Dollar Index: 102.81… -0.39
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.