Dec 29 2022

Texas Daily Ag Market News Summary Posted 1 years 333 days ago by Administrator Account

Daily Market Summary for December 29th

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

---

No Daily Regional Auction Reports; Most auctions closed for the Christmas/New Year Holidays

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trade was light on moderate trade in the Southern and Northern Plains. A few early live purchases were reported at 157.00 in the Southern Plains, however not enough purchases in any feeding region for an adequate market test. The latest established market in any region was last week, with live purchases in the Southern Plains 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:   8,147

Week Ago:    6,743

Year Ago:      6,476

Formula Net - Dressed Steers and Heifers:

Head count priced today:   28,600

Weighted avg. weight:         882.00

Weighted avg. net price:     253.03

-

Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     109,000

Year ago (act)                       115,000

Week to Date                       388,000

Same Period Last Week     455,000

Same Period Last Year       467,000

Wednesday:

Steers & Heifers:             100,000

Cows & Bulls:                     28,000

-

Boxed Beef:

Cutout Values:

Choice: 278.86… +0.55

Select:  250.70… +3.42

Choice/Select Spread: 28.16

Total Load Count: 101

-

Cutter Cow Cutout:

192.73… +0.62

-

CME Feeder Cattle Index for December 28th:

179.84… +3.76 / +2.14%

1 Year Change: +9.96%

52 Week Range: 152.31 to 183.16

-

Futures Settlements…

Live Cattle:

December: 158.50… +1.05

February: 158.85… +1.05

April: 162.45… +0.68

-

Feeder Cattle:

January: 183.80… +0.33

March: 186.77… +0.57

April: 190.15… +0.65

-

February Hogs: 88.67… -2.13

February Crude Oil: 78.40… -0.56

-

March Corn: 6.7950… -0.0325

March Wheat: 7.7400… -0.1150

-

Grain Cash Bids:

Omaha Corn: 7.29… -0.08

Kansas City Wheat: 8.32… -0.15

-

Financial Markets:

DJIA: 33,221.06… +346.05

S & P 500: 3,849.14… +66.14

NASDAQ: 10,478.09… +264.80

U.S. Dollar Index: 103.90… -0.56