The Daily Market News Report is brought to you by The Cattle Range.
Please visit their website for more information!
Fed Cattle:
USDA reported at 3:00 PM on Wednesday that in the Texas Panhandle, Kansas and the Western Cornbelt, negotiated cash trade has been mostly inactive on light demand. In Nebraska, negotiated cash trade has been light on light demand. The last reported market in all regions was last week, with live FOB purchases in the Texas Panhandle from 191.00-192.00. In Kansas Live FOB purchases traded at 191.00. In Nebraska live FOB and dressed delivered purchases traded at 195.00 and 300.00-305.00, respectively. In the Western Cornbelt, live FOB purchases traded from 193.00-196.00 and dressed delivered traded from 302.00-305.00.
Negotiated Sales:
Confirmed: 2,717
Week Ago: 5,924
Year Ago: 131
Formula Net - Dressed Steers & Heifers:
Head count priced today: 27,600
Weighted avg. weight: 900
Weighted avg. net price: 307.71
-
Cattle Slaughter under Federal Inspection
Wednesday 123,000
Week Ago 125,000
Year Ago 124,033
Week to Date 364,000
Last Week WTD 364,000
Last Year WTD 371,498
Tuesday
Steers & Heifers: 100,000
Cows & Bulls: 23,000
-
Boxed Beef:
Cutout Values:
Choice: 314.84… -0.79
Select: 285.55… -2.95
Choice/Select Spread: 29.29
Total Load Count: 120
-
Cutter Cow Cutout:
253.52… -1.01
-
CME Feeder Cattle Index for December 17th:
263.00… +0.46 / +0.18%
1 Year Change: +20.56%
52 Week Range: 215.98 to 263.07
-
Futures Settlements:
Live Cattle:
December: 191.30… -0.95
February: 188.32… -1.43
April: 190.47… -1.10
-
Feeder Cattle:
January: 257.00… -0.47
March: 257.37… -0.90
April: 258.40… -0.97
-
February Lean Hogs: 83.70… +0.50
January Crude Oil: 70.02… -0.06
-
February Corn: 4.3725… -0.0625
February Wheat: 5.4125… -0.0375
-
Grain Cash Bids:
Omaha Corn: 4.32… -0.07
Kansas City Wheat: 5.10… -0.02
-
Financial Markets:
DJIA: 42,326.87… -1,123.37
S & P 500: 5,872.06… -178.56
NASDAQ: 19,392.69… -716.37
U.S. Dollar Index: 108.13… +1.17
