Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trade has been at a standstill. In the Kansas negotiated cash trade has been mostly inactive on light demand. In Nebraska and the Western Cornbelt negotiated cash trade has been slow 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:      5,642

Week Ago:     22,626

Year Ago:           504

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,300

Weighted avg. weight:         896.00

Weighted avg. net price:     283.18

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Cattle Slaughter under Federal Inspection

Wednesday       127,000

Week Ago           125,000

Year Ago             117,000

Week to Date    380,000

Last Week           376,000

Last Year             363,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 291.64… -1.14

Select:  259.21… +0.55

Choice/Select Spread: 32.43

Total Load Count: 176

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Cutter Cow Cutout:

207.68… +4.21

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CME Feeder Cattle Index for December 12th:

215.32… -0.73 / -0.34%

1 Year Change: +19.64%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 166.95… -0.75

February: 167.22… -1.38

April: 170.95… -1.45

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Feeder Cattle:

January: 217.37… -1.88

March: 217.85… -1.75

April: 221.82… -1.53

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February Lean Hogs: 66.72… -1.53

January Crude Oil: 69.47… +0.86

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March Corn: 4.7950… -0.0575

March Wheat: 6.0525… -0.2025

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Grain Cash Bids:

Omaha Corn: 4.64… -0.06

Kansas City Wheat: 5.86… -0.22

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Financial Markets:

DJIA: 37,091.09… +512.03

S & P 500: 4,706.25… +62.39

NASDAQ: 14,731.81… +198.41

U.S. Dollar Index: 102.95… -0.92