Dec 27 2022

Texas Daily Ag Market News Summary Posted 1 years 113 days ago by Administrator Account

Daily Market Summary for December 27th

Updated Monday thru Friday around 4:00 PM CT

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.20%

Change from 10 Days Ago: +1.56%

    

 60-Day Index Trendline

Change from 60 Days Ago: +5.34%​

Change from 60 Day High:    0.00%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Most auctions closed for the Christmas/New Year Holidays

 

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in all regions. Last week in the Southern Plains live purchases traded at 156.00. For the prior week in Nebraska live and dressed purchases traded from 156.00-157.00 and at 249.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded at 157.00 and from 248.00-249.00, respectively.

Negotiated Sales:

Confirmed:     312

Week Ago:        74

Year Ago:     9,331

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,400

Weighted avg. weight:         890.00

Weighted avg. net price:     251.25

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     124,000

Year ago (act)                       121,000

Week to Date                       134,000

Same Period Last Week     224,000

Same Period Last Year       234,000

Monday:

Steers & Heifers:             5,000

Cows & Bulls:                   1,000

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Boxed Beef:

Cutout Values:

Choice: 280.04… +8.08

Select:  245.64… +0.17

Choice/Select Spread: 34.40

Total Load Count: 78

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Cutter Cow Cutout:

192.89… +0.93

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CME Feeder Cattle Index for December 23rd:

176.37… -0.38 / -0.21%

1 Year Change: +10.04%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 156.82… -0.08

February: 157.87… +0.12

April: 161.82… Unchanged

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Feeder Cattle:

January: 183.10… -0.90

March: 185.40… -1.35

April: 189.12… -1.13

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February Hogs: 91.47… +3.65

February Crude Oil: 79.53… +0.03

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March Corn: 6.7475… +0.0850

March Wheat: 7.7450… -0.0150

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Grain Cash Bids:

Omaha Corn: 7.30… -0.01

Kansas City Wheat: 8.29… +0.02

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Financial Markets:

DJIA: 33,241.69… +37.76

S & P 500: 3,829.34… -15.48

NASDAQ: 10,353.23… -144.63

U.S. Dollar Index: 104.19… -0.12

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Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.