Texas Daily Ag Market News Summary

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

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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

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Boxed Beef:

Cutout Values:

Choice: 314.84… -0.79

Select:  285.55… -2.95

Choice/Select Spread: 29.29

Total Load Count: 120

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Cutter Cow Cutout:

253.52… -1.01

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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

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Futures Settlements:

Live Cattle:  

December: 191.30… -0.95

February: 188.32… -1.43

April: 190.47… -1.10

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Feeder Cattle:

January: 257.00… -0.47

March: 257.37… -0.90

April: 258.40… -0.97

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February Lean Hogs: 83.70… +0.50

January Crude Oil: 70.02… -0.06

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February Corn: 4.3725… -0.0625

February Wheat: 5.4125… -0.0375

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Grain Cash Bids:

Omaha Corn: 4.32… -0.07

Kansas City Wheat: 5.10… -0.02

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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