Dec 01 2022

Texas Daily Ag Market News Summary Posted 1 years 361 days ago by Administrator Account

Daily Market Summary for December 1st

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

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Slaughter Cattle:

As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska, a few early live and dressed purchases traded at 157.00 and at 249.00, respectively. However, not enough purchases in either region for a full market trend. The prior week was the last reported market in these regions. In Nebraska live and dressed purchases traded from 157.00-158.00 and at 245.00, respectively. In the Western Cornbelt live and dressed purchases traded from 155.00-157.00 and at 245.00, respectively. In the Southern Plains and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in these regions for a market trend. In the Southern Plains Wednesday was the last reported market with live purchases at 155.00. In Colorado no recent has been reported.

Negotiated Sales:

Confirmed:          6,976

Week Ago:           None

Year Ago:           62,547

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,800

Weighted avg. weight:         922.00

Weighted avg. net price:     251.53

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Cattle Slaughter under Federal Inspection

Thursday (est)                     128,000

Week ago (est)                         2,000

Year ago (act)                       124,000

Week to Date                       512,000

Same Period Last Week     388,000

Same Period Last Year       493,000

Wednesday:

Steers & Heifers:            98,000

Cows & Bulls:                  30,000

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Boxed Beef:

Cutout Values:

Choice: 253.57… -1.31

Select:  225.00… -0.01

Choice/Select Spread: 28.57

Total Load Count: 161

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Cutter Cow Cutout:

187.29… -3.40

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CME Feeder Cattle Index for November 30th:

178.40… +0.00 / 0.00%

1 Year Change: +10.57%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 153.05… -0.02

February: 155.42… -0.25

April: 159.25… -0.02

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Feeder Cattle:

January: 181.07… +0.60

March: 184.30… +0.85

April: 187.80… +1.00

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February Hogs: 89.20… +3.85

January Crude Oil: 81.22… +0.67

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March Corn: 6.6050… -0.0650

March Wheat: 7.8300… -0.1250

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Grain Cash Bids:

Omaha Corn: 7.18… -0.06

Kansas City Wheat: 8.43… -0.07

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Financial Markets:

DJIA: 34,396.53… -190.93

S & P 500: 4,077.00… -2.64

NASDAQ: 11,483.21… +15.21

U.S. Dollar Index: 104.69… -1.26