Dec 14 2021

Texas Daily Ag Market News Summary Posted 2 years 130 days ago by Administrator Account

Daily Market Summary for December 14^th

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

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Kansas has been limited on light demand. A few live purchases traded at 138.00. In the Texas Panhandle, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. In Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. 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 at 220.00, respectively. For the prior week in the Western Cornbelt live and dressed purchases traded from 138.00-140.00 and from 218.00-220.00, respectively.

 

Negotiated Sales:

Confirmed:  3,479

Week Ago:   1,953

Year Ago:      2,119

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:        901.00

Weighted avg. net price:    226.13

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      122,000

Week ago (est)                   123,000

Year ago (act)                     119,000

Week to Date                      244,000

Same Period Last Week    245,000

Same Period Last Year     238,000

Monday

Steers & Heifers:  97,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 260.72… -2.50

Select:  248.80… -4.84

Choice/Select Spread: 11.92

Total Load Count: 146

 

Cutter Cow Cutout:

229.36… -0.38

 

CME Feeder Cattle Index for December 13^th:

161.77… -0.39 / -0.24%

1 Year Change: +18.35%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 136.77… -0.18

February: 138.30… -0.55

April: 142.00… -0.37

 

Feeder Cattle:

January: 164.57… -0.95

March: 166.40… -0.07

April: 169.10… -0.25

 

February Hogs: 80.07… -0.68

January Crude Oil: 70.73… -0.56

 

March Corn: 5.9025… +0.0525

March Wheat: 7.8700… -0.0175

 

Grain Cash Bids:

Omaha Corn: 5.80… +0.05

Kansas City Wheat: 7.82… -0.01

 

Financial Markets:

DJIA: 35,545.69… -113.50

S & P 500: 4,634.30… -37.64

NASDAQ: 15,228.86… -186.33

U.S. Dollar Index: 96.57… +0.25