Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains week live FOB purchases traded at 171.00. Last week in Nebraska live FOB purchases traded from 169.00-171.00, dressed delivered purchases from 267.00-272.00. Last week in the Western Cornbelt live FOB purchases traded from 168.00-171.00, with dressed purchases from 268.00-270.00.

Negotiated Sales:                                                                                               

Confirmed:       106

Week Ago:          50

Year Ago:          145

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,600

Weighted avg. weight:         903.00

Weighted avg. net price:     280.39

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Cattle Slaughter under Federal Inspection

Monday              126,000

Week Ago           125,000

Year Ago             125,000

Friday

Steers & Heifers: 97,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 290.43… +2.42

Select:  259.54… +1.54

Choice/Select Spread: 30.89

Total Load Count: 134

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Cutter Cow Cutout:

215.73... -0.29

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CME Feeder Cattle Index for December 8th:

218.37… -1.67 / -1.65%

1 Year Change: +21.36%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 166.97… +1.52

February: 167.90… +2.18

April: 171.50... +2.20

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Feeder Cattle:

January: 217.95… +2.65

March: 218.60… +2.53

April: 222.00… +2.80

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February Lean Hogs: 67.32… -1.65

January Crude Oil: 71.32... +0.09

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March Corn: 4.8150… -0.0400

March Wheat: 6.0950… -0.2225

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Grain Cash Bids:

Omaha Corn: 4.67… -0.03

Kansas City Wheat: 5.85… -0.30

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Financial Markets:

DJIA: 36,403.81… +160.16

S & P 500: 4,622.68… +18.47

NASDAQ: 14,432.49… +28.52

U.S. Dollar Index: 104.09… +0.08