Dec 01 2021

Texas Daily Ag Market News Summary Posted 2 years 362 days ago by Administrator Account

Daily Market Summary for December 1^st

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been mostly inactive on very light demand in Kansas and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains and Colorado live purchases traded at 140.00. In Nebraska, live and dressed purchases traded from 136.00-140.00 and at 217.00, respectively. In the Western Cornbelt live and dressed purchases traded from 135.00-140.00 and from 213.00-217.00, respectively.

Negotiated Sales:

Confirmed:    1,119  

Week Ago:   27,395

Year Ago:      27,929

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,400

Weighted avg. weight:        896.00

Weighted avg. net price:    223.01

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 122,000

Week ago (est)                    121,000

Year ago (act)                      119,000

Week to Date                      365,000

Same Period Last Week    365,000

Same Period Last Year      359,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

Boxed Beef:

Cutout Values:

Choice: 270.22… -1.46

Select:  257.97… -2.32

Choice/Select Spread: 12.25

Total Load Count: 227

Cutter Cow Cutout:

229.30… -0.19

CME Feeder Cattle Index for November 30^th:

161.60… -0.86 / -0.53%

1 Year Change: +15.54%

52 Week Range: 130.15 to 162.46

Futures Settlements…

Live Cattle:

December: 136.00… +0.13

February: 138.60… +0.70

April: 141.77… +0.70

Feeder Cattle:

January: 165.82… +0.97

March: 167.90… +1.40

April: 170.45… +1.63

February Hogs: 80.12… +0.15

January Crude Oil: 65.57… -0.61

March Corn: 5.7150… +0.0400

March Wheat: 7.9050… +0.0325

Grain Cash Bids:

Omaha Corn: 5.62… +0.04

Kansas City Wheat: 7.89… -0.03

Financial Markets:

DJIA: 34,021.61… -464.16

S & P 500: 4,518.21… -54.73

NASDAQ: 15,271.67… -271.73

U.S. Dollar Index: 96.10… +0.11