Dec 07 2022

Texas Daily Ag Market News Summary Posted 1 years 355 days ago by Administrator Account

Daily Market Summary for December 7th

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

As of 3:00 PM Wednesday, negotiated cash trading in Nebraska has been slow on light to moderate demand with live purchases 1.00 lower compared to last week at 156.00 and dressed purchases 1.00 to 2.00 lower compared to last week at 247.00. In the Southern Plains, Western Cornbelt, and Colorado negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. Last week in the Southern Plains live purchases traded at 155.00. In the Western Cornbelt for the previous week live and dressed purchases traded from 157.00-158.00 and at 249.00, respectively. In Colorado live purchases traded at 157.00.

Negotiated Sales:

Confirmed:          14,267

Week Ago:           18,300

Year Ago:               4,974

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,700

Weighted avg. weight:         874.00

Weighted avg. net price:     252.55

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 127,000

Week ago (est)                     128,000

Year ago (act)                       120,000

Week to Date                       382,000

Same Period Last Week     384,000

Same Period Last Year       365,000

Tuesday:

Steers & Heifers:             99,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 248.96… +6.31

Select:  219.77… +0.63

Choice/Select Spread: 29.19

Total Load Count: 174

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Cutter Cow Cutout:

190.00… -2.07

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CME Feeder Cattle Index for December 6th:

179.02… +0.49 / +0.27%

1 Year Change: +11.08%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 151.92… +0.37

February: 153.55… -0.07

April: 157.62… Unchanged

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Feeder Cattle:

January: 180.90… -0.90

March: 183.25… -0.90

April: 186.60… -0.72

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February Hogs: 86.65… -0.27

January Crude Oil: 72.01… -2.24

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March Corn: 6.4125… +0.0400

March Wheat: 7.4950… +0.2050

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Grain Cash Bids:

Omaha Corn: 6.98… +0.06

Kansas City Wheat: 8.05… +0.18

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Financial Markets:

DJIA: 33,596.87… +0.36

S & P 500: 3,933.42… -7.81

NASDAQ: 10,956.94… -57.95

U.S. Dollar Index: 105.16… -0.42