Dec 13 2021

Texas Daily Ag Market News Summary Posted 2 years 128 days ago by Administrator Account

Daily Market Summary for December 13^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week live purchases in the Southern Plains and Colorado traded at 140.00. In Nebraska last week live and dressed purchases traded from 138.00-140.00 and 220.00, respectively. For the prior week in the Western Cornbelt live and dressed purchases traded from 138.00-140.00 and 218.00-220.00, respectively.

 

Negotiated Sales:

Confirmed:    145

Week Ago:  1,001

Year Ago:          35

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,800

Weighted avg. weight:        879.00

Weighted avg. net price:    224.79

 

Cattle Slaughter under Federal Inspection:

Monday (est)                      122,000

Week ago (est)                  122,000

Year ago (act)                    119,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 263.22… -1.32

Select:  253.64… +1.40

Choice/Select Spread: 9.58

Total Load Count: 127

 

Cutter Cow Cutout:

229.74… +1.16

 

CME Feeder Cattle Index for December 10^th:

162.16… +0.65 / +0.40%

1 Year Change: +18.74%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 136.95… +0.10

February: 138.85… +0.78

April: 142.37… +0.50

 

Feeder Cattle:

January: 165.52… +0.65

March: 166.47… +1.17

April: 169.35… +1.15

 

February Hogs: 80.75… -0.27

January Crude Oil: 71.29… -0.38

 

March Corn: 5.8500… -0.0500

March Wheat: 7.8875… +0.0350

 

Grain Cash Bids:

Omaha Corn: 5.75… -0.05

Kansas City Wheat: 7.83… +0.07

 

Financial Markets:

DJIA: 35,659.19… -312.79

S & P 500: 4,671.94… -40.09

NASDAQ: 15,415.19… -214.40

U.S. Dollar Index: 96.36… +0.26