Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported at 3:00 PM on Thursday that negotiated cash trading in the Southern Plains has been mostly inactive on light demand. In the Texas Panhandle, last week live FOB purchases traded from 190.00-191.00. In Kansas, the last reported market was on Tuesday with live FOB purchases at 191.00. In Nebraska and the Western Cornbelt negotiated cash trading has been slow with moderate to good demand. In Nebraska, live FOB purchases traded 1.00-2.00 higher from 195.00-196.00 when compared to the last reported market on Wednesday. Compared to last week, dressed delivered purchases traded 8.00 higher at 305.00, on a light test. In the Western Cornbelt, when compared to the last reported market on Wednesday, live FOB purchases traded 1.00-2.00 higher from 195.00-196.00. The last reported dressed delivered purchase market was on Wednesday at 302.00.

Negotiated Sales:

Confirmed:   18,306

Week Ago:     8,206

Year Ago:      1,432

Formula Net - Dressed Steers & Heifers:

Head count priced today:  40,400

Weighted avg. weight:           938

Weighted avg. net price:   306.33

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Cattle Slaughter under Federal Inspection

Thursday                125,000

Week Ago               118,000

Year Ago                 124,369

Week to Date        489,000

Last Week WTD     485,000

Last Year WTD       503,183

Wednesday

Steers & Heifers:    102,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 315.24… +4.01

Select:  280.48… +2.37

Choice/Select Spread: 34.76

Total Load Count: 135

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Cutter Cow Cutout:

253.14… -5.53

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CME Feeder Cattle Index for December 11th:

263.07… +1.61 / +0.62%

1 Year Change: +21.76%

52 Week Range: 215.33 to 263.07

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Futures Settlements:

Live Cattle:  

December: 192.12… -0.13

February: 190.85… -0.52

April: 192.17… -0.45

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Feeder Cattle:

January: 258.35… -0.70

March: 258.57… -0.80

April: 229.22… -0.95

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February Lean Hogs: 84.47… +0.10

November Crude Oil: 70.15… -0.14

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February Corn: 4.4350… -0.0475

February Wheat: 5.5850… -0.0475

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Grain Cash Bids:

Omaha Corn: 4.32… -0.02

Kansas City Wheat: 4.88… -0.04

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Financial Markets:

DJIA: 43,914.52… -234.41

S & P 500: 6,051.29… -32.96

NASDAQ: 19,902.84… -132.05

U.S. Dollar Index: 107.02… +0.31