Texas Daily Market News Summary

Daily Market Summary for December 30th  

   

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 122.00 and in Nebraska dressed trades moved mostly at 195.00. For the prior week in the Western Cornbelt live cash trades moved from 121.00-123.00 and dressed cash trades moved mostly at 195.00.

    

Negotiated Sales:

Confirmed:         118

Week Ago:          263

Year Ago:          None

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 36,900

Weighted avg weight:       867 lbs.

Weighted avg net price:   191.78

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     116,000

Week ago (est)                  113,000

Year ago (act)                      77,000

Previous Day (est)

Steers & Heifers:  98,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm to higher on moderate to good demand and heavy offerings. Select and Choice rib, loin, and round cuts steady to firm. Choice chuck cuts firm while Select weak. Beef trimmings mostly weak to slightly lower on light demand and offerings.

Cutout Values:

Choice: 209.66... +0.70

Select:  205.41… +0.84

Choice/Select Spread: 4.25

Total Load Count:  106

     

Cutter Cow Cutout:

185.35… +0.49

    

CME Feeder Cattle Index:

139.14… -5.47

    

Futures…

Live Cattle:

December: 124.10… +0.60

February: 126.42… -0.28

April: 127.67… -0.10

    

Feeder Cattle:

January: 145.42… -0.13

March: 144.50… -0.30

April: 146.97… -0.33

      

February Hogs: 71.80… +1.23

February Crude Oil: 61.68… -0.04

    

March Corn: 3.8825… -0.0175

January Soybeans: 9.3950… +0.1000

March Wheat: 5.5600… -0.0025

    

Grain Cash Bids:

Kansas City Corn: 3.96…-0.02

Kansas City Soybeans: 9.28… +0.11

Kansas City Wheat: 5.49… Unchanged

    

Financial Markets:

Dow Jones: 28,462.14… -183.12

S & P 500: 3,221.32… -18.70

NASDAQ: 8,945.99… -60.63

U.S. Dollar Index: 96.78… -0.14

Daily Market Summary for December 30th  

   

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 122.00 and in Nebraska dressed trades moved mostly at 195.00. For the prior week in the Western Cornbelt live cash trades moved from 121.00-123.00 and dressed cash trades moved mostly at 195.00.

    

Negotiated Sales:

Confirmed:         118

Week Ago:          263

Year Ago:          None

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 36,900

Weighted avg weight:       867 lbs.

Weighted avg net price:   191.78

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     116,000

Week ago (est)                  113,000

Year ago (act)                      77,000

Previous Day (est)

Steers & Heifers:  98,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm to higher on moderate to good demand and heavy offerings. Select and Choice rib, loin, and round cuts steady to firm. Choice chuck cuts firm while Select weak. Beef trimmings mostly weak to slightly lower on light demand and offerings.

Cutout Values:

Choice: 209.66... +0.70

Select:  205.41… +0.84

Choice/Select Spread: 4.25

Total Load Count:  106

     

Cutter Cow Cutout:

185.35… +0.49

    

CME Feeder Cattle Index:

139.14… -5.47

    

Futures…

Live Cattle:

December: 124.10… +0.60

February: 126.42… -0.28

April: 127.67… -0.10

    

Feeder Cattle:

January: 145.42… -0.13

March: 144.50… -0.30

April: 146.97… -0.33

      

February Hogs: 71.80… +1.23

February Crude Oil: 61.68… -0.04

    

March Corn: 3.8825… -0.0175

January Soybeans: 9.3950… +0.1000

March Wheat: 5.5600… -0.0025

    

Grain Cash Bids:

Kansas City Corn: 3.96…-0.02

Kansas City Soybeans: 9.28… +0.11

Kansas City Wheat: 5.49… Unchanged

    

Financial Markets:

Dow Jones: 28,462.14… -183.12

S & P 500: 3,221.32… -18.70

NASDAQ: 8,945.99… -60.63

U.S. Dollar Index: 96.78… -0.14

Daily Market Summary for December 30th  

   

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 122.00 and in Nebraska dressed trades moved mostly at 195.00. For the prior week in the Western Cornbelt live cash trades moved from 121.00-123.00 and dressed cash trades moved mostly at 195.00.

    

Negotiated Sales:

Confirmed:         118

Week Ago:          263

Year Ago:          None

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 36,900

Weighted avg weight:       867 lbs.

Weighted avg net price:   191.78

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     116,000

Week ago (est)                  113,000

Year ago (act)                      77,000

Previous Day (est)

Steers & Heifers:  98,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm to higher on moderate to good demand and heavy offerings. Select and Choice rib, loin, and round cuts steady to firm. Choice chuck cuts firm while Select weak. Beef trimmings mostly weak to slightly lower on light demand and offerings.

Cutout Values:

Choice: 209.66... +0.70

Select:  205.41… +0.84

Choice/Select Spread: 4.25

Total Load Count:  106

     

Cutter Cow Cutout:

185.35… +0.49

    

CME Feeder Cattle Index:

139.14… -5.47

    

Futures…

Live Cattle:

December: 124.10… +0.60

February: 126.42… -0.28

April: 127.67… -0.10

    

Feeder Cattle:

January: 145.42… -0.13

March: 144.50… -0.30

April: 146.97… -0.33

      

February Hogs: 71.80… +1.23

February Crude Oil: 61.68… -0.04

    

March Corn: 3.8825… -0.0175

January Soybeans: 9.3950… +0.1000

March Wheat: 5.5600… -0.0025

    

Grain Cash Bids:

Kansas City Corn: 3.96…-0.02

Kansas City Soybeans: 9.28… +0.11

Kansas City Wheat: 5.49… Unchanged

    

Financial Markets:

Dow Jones: 28,462.14… -183.12

S & P 500: 3,221.32… -18.70

NASDAQ: 8,945.99… -60.63

U.S. Dollar Index: 96.78… -0.14