Dec 08 2021

Texas Daily Ag Market News Summary Posted 2 years 355 days ago by Administrator Account

Daily Market Summary for December 8^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt, not enough purchases in either region for a market trend. Negotiated cash trade has been at a standstill in all other major feeding regions. Last week in the Southern Plains and Colorado live purchases traded at 142.00. In Nebraska and the Western Cornbelt last week live and dressed purchases traded at 140.00 and 220.00, respectively.

 

Negotiated Sales:

Confirmed:   4,974  

Week Ago:    1,119

Year Ago:    16,064

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:        879.00

Weighted avg. net price:    230.52

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      122,000

Week ago (est)                   122,000

Year ago (act)                     119,000

Week to Date                     367,000

Same Period Last Week   365,000

Same Period Last Year    354,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:        28,000

 

Boxed Beef: Cutout Values:

Choice: 264.11… -3.92

Select:  253.09… -2.59

Choice/Select Spread: 11.02

Total Load Count: 161

 

Cutter Cow Cutout:

230.17… +1.40

 

CME Feeder Cattle Index for December 7^th:

160.96… +0.20 / +0.12%

1 Year Change: +17.46%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 137.55… -0.67

February: 138.67… -0.55

April: 141.87… -0.58

 

Feeder Cattle:

January: 163.40… -1.62

March: 165.87… -1.60

April: 168.50… -1.70

 

February Hogs: 76.05… -0.5January Crude Oil: 72.36… +0.31

 

March Corn: 5.8725… +0.0125

March Wheat: 7.9450… -0.1400

 

Grain Cash Bids:

Omaha Corn: 5.77… +0.01

Kansas City Wheat: 7.82… -0.16

 

Financial Markets:

DJIA: 35,754.09… +30.64

S & P 500: 4,701.23… +15.97

NASDAQ: 15,784.79… +118.94

U.S. Dollar Index: 95.88… -0.49