Dec 02 2022

Texas Daily Ag Market News Summary Posted 1 years 360 days ago by Administrator Account

Daily Market Summary for December 2nd

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 Friday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In both regions a few live purchases traded at 157.00, and in Nebraska, a few dressed purchases traded at 248.00. However, not enough purchases for a full market trend. Thursday was the last reported market in these regions. In Nebraska live purchases traded 157.00-159.00 and dressed purchases traded at 249.00. In the Western Cornbelt live purchases traded from 157.00- 158.00 and dressed purchases traded at 249.00. In Colorado negotiated cash trading has been limited on light demand. A few live purchases traded steady at 157.00, when compared to the last reported market on Thursday. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Southern Plains Wednesday was the last reported market with live purchases at 155.00.

Negotiated Sales:

Confirmed:          8,418

Week Ago:              605

Year Ago:             4,889

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,600

Weighted avg. weight:         883.00

Weighted avg. net price:     252.18

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Cattle Slaughter under Federal Inspection

Friday (est)                           123,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Week to Date                       635,000

Same Period Last Week     509,000

Same Period Last Year       613,000

Thursday:

Steers & Heifers:            98,000

Cows & Bulls:                  30,000

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Boxed Beef:

Cutout Values:

Choice: 249.93… -3.64

Select:  224.56… -0.44

Choice/Select Spread: 25.37

Total Load Count: 107

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Cutter Cow Cutout:

189.16… +1.87

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CME Feeder Cattle Index for December 1st:

179.03… +0.63 / +0.35%

1 Year Change: +10.80%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 153.35… +0.30

February: 155.87… +0.45

April: 159.57… +0.32

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Feeder Cattle:

January: 182.45… +1.38

March: 185.27… +0.97

April: 188.62… +0.82

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February Hogs: 90.42… +1.22

January Crude Oil: 79.98… -1.24

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March Corn: 6.4625… -0.1425

March Wheat: 7.6100… -0.2200

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Grain Cash Bids:

Omaha Corn: 7.06… -0.12

Kansas City Wheat: 8.24… -0.19

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Financial Markets:

DJIA: 34,428.95… +32.42

S & P 500: 4,071.63… -5.37

NASDAQ: 11,461.50… -21.71

U.S. Dollar Index: 104.53… -0.20