Dec 15 2022

Texas Daily Ag Market News Summary Posted 1 years 347 days ago by Administrator Account

Daily Market Summary for December 15th

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 in the Southern Plains, a negotiated cash trading has been slow on moderate demand. In the Texas Panhandle, compared to last week, live purchases traded steady to 2.00 higher at 155.00. In Kansas, compared to the prior week, live purchases traded steady to 1.00 lower at 155.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow to moderate with moderate demand. In Nebraska, compared to the previous week, dressed purchases traded 1.00 higher at 248.00. Not enough live purchases for a market trend. Last week live purchases traded from 156.00-158.00. In the Western Cornbelt, compared to last week, live purchases traded unevenly steady from 155.00-157.00 and dressed purchases traded 1.00-2.00 higher at 248.00. In Colorado negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. Last week live purchases traded at 157.00.

Negotiated Sales:

Confirmed:     42,441

Week Ago:       6,787

Year Ago:         5,850

Formula Net - Dressed Steers & Heifers:

Head count priced today:    34,600

Weighted avg. weight:         905.00

Weighted avg. net price:     254.31

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

Thursday (est)                     122,000

Week ago (est)                     126,000

Year ago (act)                       122,000

Week to Date                       486,000

Same Period Last Week     508,000

Same Period Last Year       482,000

Wednesday:

Steers & Heifers:             89,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 254.30…+4.23

Select:  228.51…+1.82

Choice/Select Spread: 25.79

Total Load Count: 108

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Cutter Cow Cutout:

187.63… -1.54

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CME Feeder Cattle Index for December 14th:

179.50… +0.03 / +0.02%

1 Year Change: +11.44%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 154.05…-0.45

February: 154.85…-0.85

April: 158.92…-0.65

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Feeder Cattle:

January: 183.05…-0.55

March: 184.67…-0.78

April: 188.25…-0.67

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February Hogs: 81.65… -1.75

January Crude Oil: 76.11… -1.17

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March Corn: 6.5350…+0.0300

March Wheat: 7.5725… +0.0800

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Grain Cash Bids:

Omaha Corn: 7.03… +0.02

Kansas City Wheat: 8.27…+0.07

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Financial Markets:

DJIA: 33,202.81…-762.88

S & P 500: 3,896.54…-98.45

NASDAQ: 10,815.91…-354.76

U.S. Dollar Index: 104.60…+0.83