Dec 19 2023

Texas Daily Ag Market News Summary Posted 130 days ago by Administrator Account

Daily Market Summary for December 19th

The Daily Market News Report is brought to you by The Cattle Range.
Please visit their website for more information!

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Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week in the Southern Plains 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:        354

Week Ago:         529

Year Ago:             74

Formula Net - Dressed Steers & Heifers:

Head count priced today:  35,400

Weighted avg. weight:        901.00

Weighted avg. net price:    275.58

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Cattle Slaughter under Federal Inspection

Tuesday            124,000

Week Ago         127,000

Year Ago      124,000

Week to Date   249,000

Last Week         253,000

Last Year      223,000

Monday

Steers & Heifers: 98,000

Cows & Bulls:      27,000

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Boxed Beef:

Cutout Values:

Choice: 288.83… -0.10

Select: 263.16… -0.56

Choice/Select Spread: 25.67

Total Load Count: 135

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Cutter Cow Cutout:

200.30… +9.88

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CME Feeder Cattle Index for December 18th:

219.91… +1.76 / +0.81%

1 Year Change: +23.03%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 168.45… -0.37

February: 168.77… -0.85

April: 172.67… -0.83

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Feeder Cattle:

January: 221.90… -1.27

March: 223.20… -0.95

April: 227.87… -0.75

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February Lean Hogs: 70.55… -1.02

January Crude Oil: 73.44… +0.97

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March Corn: 4.7275… -0.0425

March Wheat: 6.2275… +0.0575

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Grain Cash Bids:

Omaha Corn: 4.63… -0.04

Kansas City Wheat: 5.94… +0.11

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Financial Markets:

DJIA: 37,557.98… +251.96

S & P 500: 4,768.42… +27.88

NASDAQ: 15,003.22… +98.41

U.S. Dollar Index: 102.16… -0.40