Dec 19 2022

Texas Daily Ag Market News Summary Posted 1 years 122 days ago by Administrator Account

Daily Market Summary for December 19th

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 Monday in the Southern and Northern Plains, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 155.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 155.00-157.00 and at 248.00, respectively. In Colorado, two weeks ago, live purchases traded at 157.00.

Negotiated Sales:

Confirmed:      147

Week Ago:       145

Year Ago:      2,356

Formula Net - Dressed Steers & Heifers:

Head count priced today:  24,200

Weighted avg. weight:        879.00

Weighted avg. net price:    252.21

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Cattle Slaughter under Federal Inspection

Monday (est)                      100,000

Week ago (est)                    125,000

Year ago (act)                      121,000

Friday:

Steers & Heifers:            91,000

Cows & Bulls:                  28,000

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Boxed Beef:

Cutout Values:

Choice: 263.83… +1.00

Select: 238.57… +3.12

Choice/Select Spread: 25.26

Total Load Count: 74

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Cutter Cow Cutout:

189.33… -0.05

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CME Feeder Cattle Index for December 16th:

178.74… -0.77 / -0.43%

1 Year Change: +11.23%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 155.27… +0.22

February: 156.05… +0.28

April: 159.92… +0.22

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Feeder Cattle:

January: 182.10… -1.67

March: 183.80… -0.90

April: 187.47… -0.65

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February Hogs: 85.70… -0.07

January Crude Oil: 75.19… +0.90

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March Corn: 6.4725… -0.0575

March Wheat: 7.4850… -0.0500

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Grain Cash Bids:

Omaha Corn: 7.03… -0.04

Kansas City Wheat: 8.04… -0.05

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Financial Markets:

DJIA: 32,756.61… -163.39

S & P 500: 3,817.47… -34.66

NASDAQ: 10,546.03… -159.38

U.S. Dollar Index: 104.71… +0.01