Dec 07 2023

Texas Daily Ag Market News Summary Posted 354 days ago by Administrator Account

Daily Market Summary for December 7th

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 Thursday in the Southern Plains, negotiated cash trade has been at a standstill. The most recent live FOB purchases in the Southern Plains were Wednesday at 171.00. In Nebraska negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Wednesday from 170.00-171.00, mostly at 171.00, with dressed delivered purchases from 267.00-271.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. The most recent live FOB purchases were Wednesday traded from 169.00-171.00, with dressed purchases traded mostly at 270.00.

Negotiated Sales:                                                                                               

Confirmed:    3,842

Week Ago:   24,958

Year Ago:       6,787

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,200

Weighted avg. weight:         899.00

Weighted avg. net price:     280.54

 

Cattle Slaughter under Federal Inspection

Thursday            126,000

Week Ago            121,000

Year Ago              126,000

Week to Date     502,000

Last Week           494,000

Last Year             504,000 

Wednesday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 289.84… -0.72

Select:  258.83… -1.07

Choice/Select Spread: 31.01

Total Load Count: 218

 

Cutter Cow Cutout:

207.27… -6.14

 

CME Feeder Cattle Index for December 6th:

222.31… -1.92 / -0.82%

1 Year Change: +24.18%

52 Week Range: 175.73 to 254.09

 

Futures Settlements…

Live Cattle:

December: 162.35… -1.10

February: 162.52… -1.03

April: 165.95… -0.72

 

Feeder Cattle:

January: 210.27… +0.12

March: 211.17… -0.58

April: 214.42… -1.23

 

February Lean Hogs: 67.77… -1.53

January Crude Oil: 69.34… +0.04

 

March Corn: 4.8800… +0.0375

March Wheat: 6.4225… +0.0875

 

Grain Cash Bids:

Omaha Corn: 4.73… +0.09

Kansas City Wheat: 6.16… +0.07

 

Financial Markets:

DJIA: 36,117.64… +62.88

S & P 500: 4,585.46… +36.12

NASDAQ: 14,339.99… +193.28

U.S. Dollar Index: 103.56… -0.59