Dec 16 2022

Texas Daily Ag Market News Summary Posted 1 years 346 days ago by Administrator Account

Daily Market Summary for December 16th

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 Friday, negotiated cash trade was light on moderate demand in the Western Cornbelt. A few live purchases were reported at 157.00, however not enough for an adequate market test. Trade was mostly inactive on light to moderate demand in the Southern and Northern Plains. Not enough purchases in any feeding region for an adequate market test. The latest established market was in the Southern Plains on Thursday with live purchases at 155.00. In Nebraska and the Western Cornbelt on Thursday live purchases traded from 155.00-157.00 with dressed purchases at 248.00. The latest established market Colorado was last week with live purchases at 157.00.

Negotiated Sales:

Confirmed:       6,517

Week Ago:      16,026

Year Ago:          2,764

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,000

Weighted avg. weight:         878.00

Weighted avg. net price:     251.08

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Cattle Slaughter under Federal Inspection

Friday (est)                           119,000

Week ago (est)                     120,000

Year ago (act)                       120,000

Week to Date                       605,000

Same Period Last Week     628,000

Same Period Last Year       602,000

Thursday:

Steers & Heifers:             93,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 262.83…+8.53

Select:  235.45… +6.94

Choice/Select Spread: 27.38

Total Load Count: 71

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Cutter Cow Cutout:

189.38… +1.75

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CME Feeder Cattle Index for December 15th:

179.51… +0.01 / +0.01%

1 Year Change: +11.47%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 155.05… +1.00

February: 155.77… +0.92

April: 159.70… +0.78

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Feeder Cattle:

January: 183.77… +0.72

March: 184.70…+0.03

April: 188.12… -0.13

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February Hogs: 85.77… +4.12

January Crude Oil: 74.29… -1.82

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March Corn: 6.5300… -0.0050

March Wheat: 7.5350… -0.0375

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Grain Cash Bids:

Omaha Corn: 7.07… +0.04

Kansas City Wheat: 8.09… -0.05

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Financial Markets:

DJIA: 32,902.00… -282.81

S & P 500: 3,852.13… -44.41

NASDAQ: 10,705.41… -110.50

U.S. Dollar Index: 104.70… +0.14