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Dec
14
2023

Texas Daily Ag Market News Summary

Posted 192 days ago by Administrator Account

Daily Market Summary for December 14th

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 Thursday in the Southern Plains, negotiated cash trade was at a standstill. Last week in the Southern Plains live FOB purchases traded at 171.00. In Nebraska and the Western Cornbelt negotiated cash trade was slow on light demand. The most recent market in Nebraska was Wednesday with live FOB purchases at 168.00 and delivered purchases traded from 267.00-268.00, a light test was noted. 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:      3,856

Week Ago:       3,842

Year Ago:       42,441

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:         895.00

Weighted avg. net price:     276.70

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Cattle Slaughter under Federal Inspection

Thursday            125,000

Week Ago           126,000

Year Ago             122,000

Week to Date     505,000

Last Week          502,000

Last Year            483,000 

Wednesday

Steers & Heifers: 100,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values: 

Choice: 292.32... +0.68

Select:  258.26... -0.95

Choice/Select Spread: 34.06

Total Load Count: 170

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Cutter Cow Cutout:

201.09... -6.59

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CME Feeder Cattle Index for December 13th:

215.33… +0.01 / 0.00%

1 Year Change: +19.98%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 167.50… +0.55

February: 167.92… +0.70

April: 171.57… +0.62

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Feeder Cattle:

January: 219.35… +1.98

March: 220.12… +2.27

April: 224.32… +2.50

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February Lean Hogs: 70.47… +3.75

January Crude Oil: 71.58… +2.11

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March Corn: 4.7925… -0.0025

March Wheat: 6.1575… +0.1050

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Grain Cash Bids:

Omaha Corn: 4.64… Unchanged

Kansas City Wheat: 5.89… +0.03

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Financial Markets:

DJIA: 37,244.46… +153.37

S & P 500: 4,719.86… +13.61

NASDAQ: 14,763.65… +31.84

U.S. Dollar Index: 101.93… -0.94






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