Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported at 3:00 PM on Thursday in the Texas Panhandle, negotiated cash trading has been at a standstill. The last reported market was last week with live FOB purchases from 191.00-192.00. In Kansas, Nebraska, and Western Cornbelt negotiated cash trading has been light on light demand. Not enough purchases for a full market trend in these regions. In Kansas last week, live FOB purchases traded at 191.00. In Nebraska for the prior week, live FOB and dressed delivered purchases traded at 195.00 and 300.00-305.00, respectively. In the Western Cornbelt for the previous week, live FOB purchases traded from 193.00-196.00 and dressed delivered purchases from 302.00-305.00.

Negotiated Sales:

Confirmed:     7,316

Week Ago:    18,306

Year Ago:      13,379

Formula Net - Dressed Steers & Heifers:

Head count priced today:  41,100

Weighted avg. weight:           928

Weighted avg. net price:   307.92

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Cattle Slaughter under Federal Inspection

Thursday                121,000

Week Ago               125,000

Year Ago                 123,703

Week to Date        485,000

Last Week WTD     489,000

Last Year WTD       495,201

Wednesday

Steers & Heifers:     98,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 320.69… +5.85

Select:  284.11… -1.44

Choice/Select Spread: 36.58

Total Load Count: 98

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Cutter Cow Cutout:

255.15… +1.63

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CME Feeder Cattle Index for December 18th:

262.23… -0.77 / -0.29%

1 Year Change: +19.24%

52 Week Range: 215.98 to 263.07

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Futures Settlements:

Live Cattle:  

December: 190.35… -0.95

February: 186.55… -1.77

April: 188.60… -1.87

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Feeder Cattle:

January: 254.47… -2.53

March: 254.57… -2.80

April: 255.45… -2.95

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February Lean Hogs: 83.62… -0.08

January Crude Oil: 69.85… -0.73

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February Corn: 4.4075… +0.0350

February Wheat: 5.3300… -0.0825

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Grain Cash Bids:

Omaha Corn: 4.35… +0.03

Kansas City Wheat: 5.04… -0.06

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Financial Markets:

DJIA: 42,342.67… +15.80

S & P 500: 5,867.10… -5.06

NASDAQ: 19,372.77… -19.92

U.S. Dollar Index: 108.36… +0.33