Texas Daily Ag Market News Summary

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