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Dec
27
2021

Texas Daily Ag Market News Summary

Posted 2 years 91 days ago by Administrator Account

Daily Market Summary for December 27th

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 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 23rd:

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






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