Texas Daily AG Market Summary

Daily Market Summary for December 28th

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Negotiated cash trading has been at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 110.00. In Nebraska last week live purchases traded at 110.00 and dressed purchases traded at 172.00. Last week in the Western Cornbelt live purchases traded from 106.00-110.00 and dressed purchases traded at 172.00.

Negotiated Sales:

Confirmed:              183

Week Ago:               249

Year Ago:                 118

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,400

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    175.54

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    119,000

Year ago (act)                      119,000

Previous Day (est)

Steers & Heifers:  0

Cows & Bulls:        0

Boxed Beef:

Cutout Values:

Choice: 207.82… +0.28

Select:  196.65… -1.28

Choice/Select Spread: 11.17

Total Load Count: 160

Cutter Cow Cutout: 

170.82… +1.93

CME Feeder Cattle Index for December 25th: 

138.29… -0.17

Futures Settlements…

Live Cattle:

December: 113.05… +0.90

February: 115.77… +0.80

April: 119.52… +0.55

Feeder Cattle:

January: 141.00… +0.08

March: 142.60… +0.28

April: 144.12… +0.20

February Hogs: 66.50… -0.45

January Crude Oil: 47.62… -0.61

March Corn: 4.5650… +0.0550

March Wheat: 6.1425… -0.1275

Grain Cash Bids: 

Kansas City Corn: 4.50… +0.06

Kansas City Wheat: 5.47… -0.12

Financial Markets:

DJIA: 30,403.97… +204.10

S & P 500: 3,735.36… +32.30

NASDAQ: 12,899.42… +94.69

U.S. Dollar Index: 90.33... +0.01