Dec 28 2021

Texas Daily Ag Market News Summary Posted 2 years 335 days ago by Administrator Account

Daily Market Summary for December 28^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 has been slow on light demand in the Western Cornbelt with live purchases 2.00 higher compared to last week at 140.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 217.00. Negotiated cash trading in Nebraska has been limited on light demand, however not enough for a full market trend. Last week in Nebraska live and dressed purchases traded at 135.00 and from 217.00-218.00, respectively. Negotiated cash trading has been at a standstill in the Southern Plains. Last week in the Southern Plains live purchases traded at 135.00.

 

Negotiated Sales:

Confirmed:      9,331

Week Ago:       2,356

Year Ago:         1,483

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:        878.00

Weighted avg. net price:     221.83

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     122,000

Week ago (est)                   120,000

Year ago (act)                     118,000

Week to Date                     238,000

Same Period Last Week    240,000

Same Period Last Year      235,000

Monday

Steers & Heifers:  92,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 264.66… +0.18

Select:  255.66… +0.91

Choice/Select Spread: 8.57

Total Load Count: 123

 

Cutter Cow Cutout:

228.76… +3.10

 

CME Feeder Cattle Index for December 27^th:

159.56… +0.42 / +15.29%

1 Year Change: +15.29%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 138.47… +1.17

February: 139.40… +0.13

April: 143.95… +0.28

 

Feeder Cattle:

January: 163.55… +1.15

March: 165.22… +1.95

April: 168.52… +1.60

 

February Hogs: 82.62… -1.03

January Crude Oil: 75.98… +0.41

 

March Corn: 6.0475… -0.1000

March Wheat: 7.8350… -0.2050

 

Grain Cash Bids:

Omaha Corn: 5.95… -0.10

Kansas City Wheat: 7.92… -0.25

 

Financial Markets:

DJIA: 36,379.49… +76.06

S & P 500: 4,786.66… -4.77

NASDAQ: 15,770.52… -96.52

U.S. Dollar Index: 96.15… +0.07