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Dec
15
2023

Texas Daily Ag Market News Summary

Posted 166 days ago by Administrator Account

Daily Market Summary for December 15th

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 Friday in the Southern Plains, negotiated cash trade has been slow on moderate demand. There have been a few early live FOB purchases at 170.00, however not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 171.00. In Nebraska negotiated cash trade has been mostly inactive 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. In the Western Cornbelt negotiated cash trade has been slow on light demand. There have been a few early live FOB purchases from 167.00-168.00 and a few dressed delivered purchases at 267.00, however not enough trade for a market trend. 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:      6,662

Week Ago:       2,485

Year Ago:         6,517

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,100

Weighted avg. weight:         894.00

Weighted avg. net price:     276.47

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Cattle Slaughter under Federal Inspection

Friday                  121,000

Week Ago           122,000

Year Ago             118,000

Week to Date     625,000

Last Week           624,000

Last Year             603,000 

Thursday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 291.64… -0.68

Select:  260.82… +2.56

Choice/Select Spread: 30.82

Total Load Count: 134

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Cutter Cow Cutout:

209.07… +7.98

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CME Feeder Cattle Index for December 14th:

219.07… +1.23 / 0.56%

1 Year Change: +22.04%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 168.22… +0.72

February: 169.35… +1.43

April: 172.85… +1.28

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Feeder Cattle:

January: 220.90… +1.55

March: 222.17… +2.05

April: 226.57… +2.25

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February Lean Hogs: 71.90… +1.43

January Crude Oil: 71.78… +0.20

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March Corn: 4.8300… +0.0375

March Wheat: 6.2925… +0.1350

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Grain Cash Bids:

Omaha Corn: 4.73… +0.09

Kansas City Wheat: 5.97… +0.08

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Financial Markets:

DJIA: 37,283.94… +39.48

S & P 500: 4,718.54… -1.32

NASDAQ: 14,813.93… +50.27

U.S. Dollar Index: 102.52… +0.56






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