Dec 27 2021

Texas Daily Ag Market News Summary Posted 2 years 336 days ago by Administrator Account

Daily Market Summary for December 27^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 Monday, negotiated cash trading has been at a standstill on all major feeding regions. Last week in the Southern Plains live purchases traded at 135.00. In Nebraska live and dressed purchases traded at 135.00 and from 217.00-218.00, respectively. In the Western Cornbelt last week live and dressed purchases traded at 138.00 and 217.00, respectively.

 

Negotiated Sales:

Confirmed:           35

Week Ago:       2,356

Year Ago:             183

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,700

Weighted avg. weight:        907.00

Weighted avg. net price:     219.73

 

Cattle Slaughter under Federal Inspection:

Monday (est)                     116,000

Week ago (est)                   120,000

Year ago (act)                    117,000

Friday

Steers & Heifers:  8,000

Cows & Bulls:       2,000

 

Boxed Beef:

Cutout Values:

Choice: 264.59… +1.65

Select:  255.18… +2.23

Choice/Select Spread: 9.41

Total Load Count: 116

 

Cutter Cow Cutout:

225.66… -3.23

 

CME Feeder Cattle Index for December 23^rd:

159.14… -1.14 / -0.71%

1 Year Change: +13.82%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 137.30… +0.25

February: 139.27… -0.35

April: 143.67… -0.25

 

Feeder Cattle:

January: 162.40… -1.05

March: 163.27… -0.48

April: 166.92… -0.45

 

February Hogs: 83.65… +0.43

January Crude Oil: 75.57… +1.78

 

March Corn: 6.1475… +0.0900

March Wheat: 8.0400… -0.1075

 

Grain Cash Bids:

Omaha Corn: 6.05… +0.09

Kansas City Wheat: 8.17… -0.15

 

Financial Markets:

DJIA: 36,303.43… +352.97

S & P 500: 4,791.43… +65.72

NASDAQ: 15,867.04… +202.62

U.S. Dollar Index: 96.08… +0.06