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Dec
21
2023

Texas Daily Ag Market News Summary

Posted 160 days ago by Administrator Account

Daily Market Summary for December 21st

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 Thursday in the Southern Plains, negotiated cash was at a standstill. Last week in the Southern Plains live FOB purchases traded at 170.00. In Nebraska and the Western Cornbelt negotiated cash trade was mostly inactive on light to moderate demand. Last week in Nebraska live FOB purchases traded from 168.00-170.00. The most recent dressed delivered purchases in Nebraska was Wednesday at 270.00. The most recent market in the Western Cornbelt was Wednesday with live FOB at 170.00 and dressed purchases at 270.00.

Negotiated Sales:                                                                                               

Confirmed:         1,432

Week Ago:          3,856

Year Ago:            6,743

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,600

Weighted avg. weight:         891.00

Weighted avg. net price:     274.12

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago           125,000

Year Ago             107,000

Week to Date     479,000

Last Week          505,000

Last Year            450,000

Wednesday

Steers & Heifers: 96,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 291.13… +2.00

Select:  261.27… -0.33

Choice/Select Spread: 29.86

Total Load Count: 167

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Cutter Cow Cutout:

202.52… -4.66

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CME Feeder Cattle Index for December 20th:

219.80… -0.51 / -0.23%

1 Year Change: +23.39%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 170.55… +0.53

February: 168.67… -1.63

April: 172.17… -1.65

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Feeder Cattle:

January: 221.70… -2.35

March: 223.37… -2.38

April: 228.45… -2.07

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February Lean Hogs: 70.65… +0.43

February Crude Oil: 73.89… -0.33

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March Corn: 4.7250… +0.0275

March Wheat: 6.1250… +0.0250

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Grain Cash Bids:

Omaha Corn: 4.63… +0.03

Kansas City Wheat: 5.78… -0.02

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Financial Markets:

DJIA: 37,404.16… +319.39

S & P 500: 4,746.72… +48.48

NASDAQ: 14,963.87… +185.93

U.S. Dollar Index: 101.81… -0.60






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