Dec 14 2022

Texas Daily Ag Market News Summary Posted 1 years 348 days ago by Administrator Account

Daily Market Summary for December 14th

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 Wednesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. 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:          504

Week Ago:      14,267

Year Ago:        14,564

Formula Net - Dressed Steers & Heifers:

Head count priced today:   17,700

Weighted avg. weight:         879.00

Weighted avg. net price:     252.23

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 118,000

Week ago (est)                     127,000

Year ago (act)                       114,000

Week to Date                       364,000

Same Period Last Week     382,000

Same Period Last Year       360,000

Tuesday:

Steers & Heifers:             92,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 250.07… -4.88

Select:  226.69… +1.23

Choice/Select Spread: 23.38

Total Load Count: 117

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Cutter Cow Cutout:

189.17… +0.18

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CME Feeder Cattle Index for December 13th:

179.50… -0.50 / -0.28%

1 Year Change: +10.94%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 154.50… -0.40

February: 155.70… -0.65

April: 159.57… -0.48

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Feeder Cattle:

January: 183.60… -0.62

March: 185.45… -0.27

April: 188.92… -0.15

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February Hogs: 83.40… -1.17

January Crude Oil: 77.28… +1.89

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March Corn: 6.5050… -0.0300

March Wheat: 7.4925… -0.0150

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Grain Cash Bids:

Omaha Corn: 7.01… -0.03

Kansas City Wheat: 8.20… +0.06

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Financial Markets:

DJIA: 33,965.69... -145.00

S & P 500: 3,994.99... -24.96

NASDAQ: 11,170.67... -84.62

U.S. Dollar Index: 103.55... -0.43