Dec 30 2022

Texas Daily Ag Market News Summary Posted 1 years 332 days ago by Administrator Account

Daily Market Summary for December 30th

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

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

Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trade was light to moderate on moderate demand in the Southern Plains and Nebraska. Compared to last week in the Southern Plains live purchases traded 1.00 higher at 157.00. In Nebraska compared to last week, live purchases traded 1.00-2.00 higher at 158.00 on a light test. Dressed purchases compared to last week traded 3.00 higher at 252.00. Trade was light on light to moderate demand in the Western Cornbelt. Not enough purchases for an adequate market test. The latest established live market in the Western Cornbelt was on Thursday with live purchases from 157.00-160.00. The latest established dressed market was last week from 248.00-249.00.

Negotiated Sales:

Confirmed:  22,837

Week Ago:     9,970

Year Ago:        None

Formula Net - Dressed Steers and Heifers:

Head count priced today:   23,900

Weighted avg. weight:         890.00

Weighted avg. net price:     254.51

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Cattle Slaughter under Federal Inspection

Friday (est)                           122,000

Week ago (est)                     104,000

Year ago (act)                         56,000

Week to Date                       510,000

Same Period Last Week     559,000

Same Period Last Year       523,000

Thursday:

Steers & Heifers:                98,000

Cows & Bulls:                      28,000

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Boxed Beef:

Cutout Values:

Choice: 281.98… +3.12

Select:  250.93… +0.23

Choice/Select Spread: 31.05

Total Load Count: 66

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Cutter Cow Cutout:

192.97… +0.24

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CME Feeder Cattle Index for December 29th:

181.93… +2.09 / +1.16%

1 Year Change: +10.12%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 157.90… -0.95

April: 161.80… -0.65

June: 157.82… -0.33

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Feeder Cattle:

January: 183.70… -0.10

March: 186.22… -0.55

April: 189.62… -0.53

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February Hogs: 87.70… -0.97

February Crude Oil: 80.26… +1.86

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March Corn: 6.7850… -0.0100

March Wheat: 7.9200… +0.1800

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Grain Cash Bids:

Omaha Corn: 7.23… -0.06

Kansas City Wheat: 8.53… +0.21

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Financial Markets:

DJIA: 33,147.25… -73.81

S & P 500: 3,839.50… -9.64

NASDAQ: 10,466.48… -11.61

U.S. Dollar Index: 103.47… -0.37