Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trade has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand, however not enough trade for a market test. 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:        529

Week Ago:      1,119

Year Ago:           511

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,700

Weighted avg. weight:         895.00

Weighted avg. net price:     280.53

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Cattle Slaughter under Federal Inspection

Tuesday              127,000

Week Ago           126,000

Year Ago             121,000

Week to Date     253,000

Last Week           251,000

Last Year             246,000 

Monday

Steers & Heifers: 98,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 292.78… +2.35

Select:  258.66… -0.88

Choice/Select Spread: 34.12

Total Load Count: 129

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Cutter Cow Cutout:

203.47… -12.26

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CME Feeder Cattle Index for December 11th:

216.05… -2.32 / -1.06%

1 Year Change: +20.07%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 167.70… +0.73

February: 168.60… +0.70

April: 172.40… +0.90

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Feeder Cattle:

January: 219.25… +1.30

March: 219.60… +1.00

April: 223.35… +1.35

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February Lean Hogs: 68.25… +0.93

January Crude Oil: 68.61… -2.71

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March Corn: 4.8525… +0.0375

March Wheat: 6.2550… +0.1600

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Grain Cash Bids:

Omaha Corn: 4.70… +0.03

Kansas City Wheat: 6.08… +0.23

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Financial Markets:

DJIA: 36,579.06… +175.25

S & P 500: 4,643.86… +21.18

NASDAQ: 14,533.40… +100.91

U.S. Dollar Index: 103.81… -0.29