Dec 04 2023

Texas Daily Ag Market News Summary Posted 145 days ago by Administrator Account

Daily Market Summary for December 4th

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

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As of 3:00 PM Monday in the Southern Plains, Nebraska and the Western Cornbelt, negotiated cash trade has been at a standstill. Last week in the Southern Plains and Nebraska live FOB purchases traded from 174.00-175.00. Last week in Nebraska dressed delivered purchases traded at 275.00. Last week in the Western Cornbelt live FOB purchases traded from 173.00-175.00 and dressed purchases from 274.00-275.00.

Negotiated Sales:                                                                                               

Confirmed:          50

Week Ago:     4,710

Year Ago:          271

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,600

Weighted avg. weight:         884.00

Weighted avg. net price:     284.43

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Cattle Slaughter under Federal Inspection

Monday                  125,000

Week Ago               123,000

Year Ago                 125,000

Friday

Steers & Heifers:      95,000

Cows & Bulls:            27,000

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Boxed Beef:

Cutout Values:

Choice: 294.72… -2.74

Select:  262.83… -2.66

Choice/Select Spread: 31.89

Total Load Count: 169

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Cutter Cow Cutout:

210.60… -4.32

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CME Feeder Cattle Index for December 1st:

223.27… -2.62 / -1.16%

1 Year Change: +25.33%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 167.25… -2.02

February: 167.07… -2.05

April: 169.70… -1.92

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Feeder Cattle:

January: 210.52… -3.90

March: 213.57… -3.65

April: 217.42… -3.75

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February Lean Hogs: 70.80… +0.70

January Crude Oil: 73.04… -1.03

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March Corn: 4.8550… +0.0075

March Wheat: 6.2050… +0.1775

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Grain Cash Bids:

Omaha Corn: 4.65… -0.01

Kansas City Wheat: 5.83… +0.11

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Financial Markets:

DJIA: 36,204.37… -39.68

S & P 500: 4,569.78… -23.94

NASDAQ: 14,185.49… -115.84

U.S. Dollar Index: 103.65… +0.38