Dec 08 2022

Texas Daily Ag Market News Summary Posted 1 years 354 days ago by Administrator Account

Daily Market Summary for December 8th

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, trade was light on moderate demand in the Texas Panhandle with a few live purchases reported mostly at 154.00, however not enough purchases for an adequate market test. Trade was limited on moderate demand in all other feeding regions however not enough purchases for an adequate market test. The latest established market in Nebraska was on Wednesday with live purchases at 156.00 and dressed purchases at 247.00. The latest established market in the Southern Plains was last week with live purchases 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:            6,787

Week Ago:             6,976

Year Ago:             31,800

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:         898.00

Weighted avg. net price:     252.63

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Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     128,000

Year ago (act)                       122,000

Week to Date                       508,000

Same Period Last Week     512,000

Same Period Last Year       487,000

Wednesday:

Steers & Heifers:             98,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 247.28… -1.68

Select:  220.55… +0.78

Choice/Select Spread: 26.73

Total Load Count: 146

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Cutter Cow Cutout:

186.77… -3.23

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CME Feeder Cattle Index for December 7th:

179.23… +0.21 / +0.12%

1 Year Change: +10.89%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 152.42… +0.50

February: 153.92… +0.37

April: 158.05… +0.43

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Feeder Cattle:

January: 183.47… +2.57

March: 185.05… +1.80

April: 188.35… +1.75

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February Hogs: 84.70… -1.95

January Crude Oil: 71.46… -0.55

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March Corn: 6.4250… +0.0125

March Wheat: 7.4625… -0.0325

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Grain Cash Bids:

Omaha Corn: 6.91… +0.01

Kansas City Wheat: 8.00… -0.05

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Financial Markets:

DJIA: 33,780.16… +183.29

S & P 500: 3,963.45… +30.03

NASDAQ: 11,082.00… +125.06

U.S. Dollar Index: 104.81… -0.29