Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week was the most recent reported market in all regions. In the Texas Panhandle live purchases traded from 153.00-155.00. In Kansas live purchases traded from 155.00-156.00. In Nebraska live and dressed purchases traded from 156.00-158.00 and at 247.00, respectively. In Colorado live purchases traded at 157.00. In the Western Cornbelt live and dressed purchases traded at 156.00 and from 246.00-247.00, respectively.

Negotiated Sales:

Confirmed:          145

Week Ago:           271

Year Ago:             145

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:         882.00

Weighted avg. net price:     251.61

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Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                     127,000

Year ago (act)                       122,000

Friday:

Steers & Heifers:             93,000

Cows & Bulls:                   27,000

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Boxed Beef:

Cutout Values:

Choice: 257.02… +8.09

Select:  225.68… +4.42

Choice/Select Spread: 31.34

Total Load Count: 102

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Cutter Cow Cutout:

188.96… +2.19

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CME Feeder Cattle Index for December 9th:

179.94… +0.72 / +0.40%

1 Year Change: +10.96%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 154.40… +0.73

February: 156.10…+0.55

April: 159.90… +0.55

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Feeder Cattle:

January: 183.65… -0.27

March: 185.22… +0.12

April: 188.65… +0.05

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February Hogs: 83.70… -0.30

January Crude Oil: 73.17… +2.15

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March Corn: 6.5400… +0.1000

March Wheat: 7.5475… +0.2050

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Grain Cash Bids:

Omaha Corn: 7.05… +0.06

Kansas City Wheat: 8.05… +0.18

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Financial Markets:

DJIA: 34,004.81… +529.21

S & P 500: 3,990.53… +56.24

NASDAQ: 11,143.35… +138.73

U.S. Dollar Index: 105.03… +0.22