Fed Cattle:
USDA reported on Tuesday afternoon that negotiated cash trading in all regions has been mostly inactive with very light demand. Last week in the Southern Plains, live FOB purchases traded from 192.00-193.00. For the prior week, live FOB purchases traded from 196.00-197.00 in Nebraska and 195-197.00 in the Western Cornbelt. Last week in both regions dressed delivered purchases traded at 307.00 on a light test.
Negotiated Sales:
Confirmed: 1,006
Week Ago: None
Year Ago: 521
Formula Net - Dressed Steers & Heifers:
Head count priced today: 30,400
Weighted avg. weight: 915
Weighted avg. net price: 309.02
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Cattle Slaughter under Federal Inspection:
Tuesday 102,000
Week Ago 38,000
Year Ago 121,928
Week to Date 225,000
Last Week WTD 156,000
Last Year WTD 121,981
Monday
Steers & Heifers: 102,000
Cows & Bulls: 21,000
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Boxed Beef:
Cutout Values:
Choice: 324.22… -1.15
Select: 294.52… -0.24
Choice/Select Spread: 29.70
Total Load Count: 119
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Cutter Cow Cutout:
256.36… -2.06
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CME Feeder Cattle Index for December 30th:
261.05… +7.08 / +2.79%
1 Year Change: +14.40%
52 Week Range: 215.98 to 263.07
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Futures Settlements:
Live Cattle:
December: 193.85… -0.22
February: 191.60… +1.30
April: 194.27… +1.25
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Feeder Cattle:
January: 263.02… +1.40
March: 262.97… +1.92
April: 263.55… +2.28
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February Lean Hogs: 81.30… -0.32
February Crude Oil: 71.80… +0.81
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February Corn: 4.5850… +0.0625
February Wheat: 5.5150… +0.0325
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Grain Cash Bids:
Omaha Corn: 4.50… +0.03
Kansas City Wheat: 5.21… +0.03
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Financial Markets:
DJIA: 42,545.15… -28.58
S & P 500: 5,881.79… -25.15
NASDAQ: 19,310.79… -175.99
U.S. Dollar Index: 108.46… +0.33
