Dec 10 2021

Texas Daily Ag Market News Summary Posted 2 years 136 days ago by Administrator Account

Daily Market Summary for December 10^th

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Slaughter Cattle:

As of 3:00 PM Friday in the Northern Plains and Western Cornbelt, negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. Thursday in Nebraska and Western Cornbelt live purchases traded from 138.00-140.00 and dressed purchases traded at 220.00. Last week in Colorado live purchases traded at 142.00. So far for Friday in the Southern Plains negotiated cash trading has been at a standstill. Wednesday live purchases traded at 140.00.

 

Negotiated Sales:

Confirmed:    3,030

Week Ago:     4,889

Year Ago:       1,290

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:        895.00

Weighted avg. net price:    226.32

 

Cattle Slaughter under Federal Inspection:

Friday (est)                         121,000

Week ago (est)                   119,000

Year ago (act)                     119,000

Week to Date                      610,000

Same Period Last Week    607,000

Same Period Last Year      593,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 264.54… -0.01

Select:  252.24… +0.56

Choice/Select Spread: 12.30

Total Load Count: 75

 

Cutter Cow Cutout:

228.58… +0.01

 

CME Feeder Cattle Index for December 9^th:

161.51… -0.12 / -0.12%

1 Year Change: +18.18%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 136.85… +0.13

February: 138.07… +0.27

April: 141.87… +0.65

 

Feeder Cattle:

January: 164.87… +0.80

March: 165.30… +0.23

April: 168.20… +0.35

 

February Hogs: 81.02… +3.20

January Crude Oil: 71.67… +0.73

 

March Corn: 5.9000… -0.0175

March Wheat: 7.8525… +0.0850

 

Grain Cash Bids:

Omaha Corn: 5.80… -0.02

Kansas City Wheat: 7.76… +0.09

 

Financial Markets:

DJIA: 35,971.98… +216.70

S & P 500: 4,712.03… +44.50

NASDAQ: 15,629.59… +112.19

U.S. Dollar Index: 96.06… -0.21