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Dec
20
2023

Texas Daily Ag Market News Summary

Posted 161 days ago by Administrator Account

Daily Market Summary for December 20th

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 Wednesday in the Texas Panhandle, negotiated cash was at a standstill. In Kansas negotiated cash trade was mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 170.00. In the Western Cornbelt and Nebraska negotiated cash trade was slow on light demand. In Nebraska there have been a few early dressed delivered purchases at 270.00, however not enough purchases for a market trend. Last week In Nebraska live FOB purchases traded from 168.00-170.00, while dressed delivered purchases traded from 267.00-268.00. In the Western Cornbelt there has been a few early live FOB purchases at 170.00, however not enough purchases for a market trend. 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:       10,467

Week Ago:          5,642

Year Ago:            2,642

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:         893.00

Weighted avg. net price:     276.56

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Cattle Slaughter under Federal Inspection

Wednesday       123,000

Week Ago           127,000

Year Ago             120,000

Week to Date     272,000

Last Week          380,000

Last Year            343,000

Tuesday

Steers & Heifers: 96,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 289.13… +0.30

Select:  261.60… -1.56

Choice/Select Spread: 27.53

Total Load Count: 124

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Cutter Cow Cutout:

207.18… +6.88

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CME Feeder Cattle Index for December 19th:

220.31… +0.40 / +0.18%

1 Year Change: +23.76%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 170.02… +1.57

February: 170.30… +1.53

April: 173.52… +2.65

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Feeder Cattle:

January: 224.05… +2.15

March: 225.75… +2.55

April: 230.52… +2.65

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February Lean Hogs: 70.22… -0.33

February Crude Oil: 74.22… +0.28

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March Corn: 4.6975… -0.0300

March Wheat: 6.1000… -0.1275

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Grain Cash Bids:

Omaha Corn: 4.60… -0.03

Kansas City Wheat: 5.80… -0.14

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Financial Markets:

DJIA: 37,084.77… -473.21

S & P 500: 4,698.24… -70.18

NASDAQ: 14,777.94… -225.28

U.S. Dollar Index: 102.45… +0.28






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