Dec 28 2022

Texas Daily Ag Market News Summary Posted 1 years 118 days ago by Administrator Account

Daily Market Summary for December 28th

 The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Most auctions closed for the Christmas/New Year Holidays

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been mostly inactive on light demand in the Western Cornbelt, and at a standstill in all other regions. Not enough purchases in any region for a market trend. 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:   1,016

Week Ago:    2,642

Year Ago:      5,471

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,100

Weighted avg. weight:         882.00

Weighted avg. net price:     253.60

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 128,000

Week ago (est)                     122,000

Year ago (act)                       118,000

Week to Date                       262,000

Same Period Last Week     346,000

Same Period Last Year       352,000

Tuesday:

Steers & Heifers:             101,000

Cows & Bulls:                     27,000

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Boxed Beef:

Cutout Values:

Choice: 279.41… -0.63

Select:  247.28… +1.64

Choice/Select Spread: 32.13

Total Load Count: 102

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Cutter Cow Cutout:

192.11… -0.78

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CME Feeder Cattle Index for December 27th:

176.08… -0.29 / -0.16%

1 Year Change: +9.86%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 157.45… +0.63

February: 157.80… -0.07

April: 161.77… -0.05

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Feeder Cattle:

January: 183.47… +0.37

March: 186.20… +0.80

April: 189.50… +0.38

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February Hogs: 90.80… -0.67

February Crude Oil: 78.96… -0.57

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March Corn: 6.8275… +0.0800

March Wheat: 7.8550… +0.1100

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Grain Cash Bids:

Omaha Corn: 7.37… +0.07

Kansas City Wheat: 8.47… +0.18

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Financial Markets:

DJIA: 32,875.01… -366.68

S & P 500: 3,783.00… -46.34

NASDAQ: 10,213.29… -139.94

U.S. Dollar Index: 104.53… +0.35