Dec 01 2023

Texas Daily Ag Market News Summary Posted 360 days ago by Administrator Account

Daily Market Summary for December 1st

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

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Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been at a standstill. The most recent live FOB purchases were Monday at 175.00. In Kansas negotiated cash trade has beenmostly inactive on light demand. The most recent market was Tuesday with live FOB purchases at 174.00. In Nebraska negotiated cash trade has been slow on light demand. The most recent market in Nebraska was Thursday with live FOB purchases from 174.00-175.00 and dressed delivered purchases at 275.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent live FOB purchases were on Thursday from 174.00-175.00 and dressed delivered at 275.00.

Negotiated Sales

Confirmed:    4,821

Week Ago:   10,822

Year Ago:       8,418

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,900

Weighted avg. weight:         893.00

Weighted avg. net price:     283.35

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Cattle Slaughter under Federal Inspection

Friday                      122,000

Week Ago                118,000

Year Ago                  124,000

Week to Date          626,000

Last Week to Date 382,000

Last Year to Date   509,000 

Thursday

Steers & Heifers:      93,000

Cows & Bulls:            28,000

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Boxed Beef:

Cutout Values:

Choice: 297.46… -1.56

Select:  265.49… +0.74

Choice/Select Spread: 31.97

Total Load Count: 159

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Cutter Cow Cutout:

214.92… +0.21

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CME Feeder Cattle Index for November 30th:

224.77… +2.52 / +1.13%

1 Year Change: +25.99%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 169.27… -1.60

February: 169.12… -2.70

April: 171.62… -2.80

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Feeder Cattle:

January: 214.42… -5.53

March: 217.22… -5.35

April: 221.17… -5.50

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February Lean Hogs: 70.10… -1.37

January Crude Oil: 74.07… -1.89

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March Corn: 4.8475… +0.0200

March Wheat: 6.0275… +0.0475

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Grain Cash Bids:

Omaha Corn: 4.66… -0.01

Kansas City Wheat: 5.72… +0.04

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Financial Markets:

DJIA: 36,244.05… +297.94

S & P 500: 4,593.72… +24.68

NASDAQ: 14,301.33… +75.98

U.S. Dollar Index: 103.24… -0.26