Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported at 3:00 PM on Friday that in the Southern Plains negotiated cash trading has been inactive on very light demand. In the Texas Panhandle, thus far for the week live FOB purchases have traded from 191.00-192.00, with a light test noted. In Kansas, the last reported market was on Tuesday with live FOB purchases at 191.00. In Nebraska negotiated cash trading has been limited with light demand. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. In these two regions, Thursday was the last reported live FOB and dressed delivered purchase market from 195.00-196.00 and at 305, respectively.

Negotiated Sales:

Confirmed:      4,103

Week Ago:     16,344

Year Ago:       18,286

Formula Net - Dressed Steers & Heifers:

Head count priced today:  30,300

Weighted avg. weight:           910

Weighted avg. net price:   304.46

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Cattle Slaughter under Federal Inspection

Friday                     115,000

Week Ago               117,000

Year Ago                 120,900

Week to Date        604,000

Last Week WTD     602,000

Last Year WTD       624,083

Thursday

Steers & Heifers:   101,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 316.39… +1.15

Select:  283.86… +3.38

Choice/Select Spread: 32.53

Total Load Count: 123

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Cutter Cow Cutout:

256.61… +3.47

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CME Feeder Cattle Index for December 12th:

262.59… -0.48 / -0.18%

1 Year Change: +21.54%

52 Week Range: 215.33 to 263.07

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Futures Settlements:

Live Cattle:  

December: 193.65… +1.53

February: 192.02… +1.17

April: 193.00… +0.83

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Feeder Cattle:

January: 257.65… -0.70

March: 257.67… -0.90

April: 258.52… -0.70

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February Lean Hogs: 85.60… +1.13

November Crude Oil: 71.15… +1.14

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February Corn: 4.4200… -0.0150

February Wheat: 5.5225… -0.0625

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Grain Cash Bids:

Omaha Corn: 4.29… -0.03

Kansas City Wheat: 4.82… -0.06

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Financial Markets:

DJIA: 43,827.88… -86.64

S & P 500: 6,051.06… -0.23

NASDAQ: 19,926.72… +23.88

U.S. Dollar Index: 106.98… +0.02

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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.