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Dec
05
2023

Texas Daily Ag Market News Summary

Posted 226 days ago by Administrator Account

Daily Market Summary for December 5th

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

 


Fed Cattle:

As of 3:00 PM Tuesday in Southern Plains, Nebraska and the Western Cornbelt, negotiated cash trade has been mostly inactive on light demand. In Kansas, the most recent live FOB purchases were Monday mostly at 171.00. Last week in the Texas Panhandle 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:    1,119

Week Ago:     4,710

Year Ago:       1,056

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,100

Weighted avg. weight:         904.00

Weighted avg. net price:     286.94

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Cattle Slaughter under Federal Inspection

Tuesday             126,000

Week Ago           125,000

Year Ago             129,000

Week to Date     251,000

Last Week           248,000

Last Year             254,000 

Monday

Steers & Heifers: 97,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 293.75… -0.97

Select:  259.13… -3.70

Choice/Select Spread: 34.62

Total Load Count: 155

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Cutter Cow Cutout:

217.60… +7.00

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CME Feeder Cattle Index for December 4th:

223.78… +0.51 / +0.23%

1 Year Change: +25.62%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 168.50… +1.25

February: 168.97… +1.90

April: 171.50… +1.80

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Feeder Cattle:

January: 214.70… +4.18

March: 217.47… +3.90

April: 221.37… +3.95

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February Lean Hogs: 69.35… -1.45

January Crude Oil: 72.32… -0.72

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March Corn: 4.9050… +0.0500

March Wheat: 6.3125… +0.1075

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Grain Cash Bids:

Omaha Corn: 4.70… +0.05

Kansas City Wheat: 6.15… +0.15

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Financial Markets:

DJIA: 36,127.85… -76.52

S & P 500: 4,567.95… -1.83

NASDAQ: 14,229.91… +44.42

U.S. Dollar Index: 103.96… +0.25






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