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Dec
18
2023

Texas Daily Ag Market News Summary

Posted 163 days ago by Administrator Account

Daily Market Summary for December 18th

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 Monday in all trading regions, negotiated cash was at a standstill. Last week live FOB purchases traded at 170.00. Last week In Nebraska live FOB purchases traded from 168.00-170.00, while dressed delivered purchases traded from 267.00-268.00. Last week in the Western Cornbelt live FOB purchases traded from 167.00-169.00, while dressed purchases traded at 267.00.

Negotiated Sales:                                                                                               

Confirmed:         138

Week Ago:          106

Year Ago:            147

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,100

Weighted avg. weight:         896.00

Weighted avg. net price:     274.47

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           126,000

Year Ago                99,000

Friday

Steers & Heifers: 95,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 288.93… -2.71

Select:  263.72… +2.90

Choice/Select Spread: 25.21

Total Load Count: 102

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Cutter Cow Cutout:

190.42… -18.65

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CME Feeder Cattle Index for December 15th:

218.15… -0.92 / -0.42%

1 Year Change: +22.05%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 168.82… +0.60

February: 169.62… +0.27

April: 173.50… +0.65

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Feeder Cattle:

January: 223.17… +2.27

March: 224.15… +1.98

April: 228.62… +2.05

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February Lean Hogs: 71.57… -0.33

January Crude Oil: 72.47… +1.04

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March Corn: 4.7700… -0.0600

March Wheat: 6.1700… -0.1225

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Grain Cash Bids:

Omaha Corn: 4.67… -0.06

Kansas City Wheat: 5.83… -0.14

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Financial Markets:

DJIA: 37,306.02… +0.86

S & P 500: 4,740.54… +22.00

NASDAQ: 14,904.81… +90.89

U.S. Dollar Index: 102.55… Unchanged






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