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Texas Daily Ag Market News Summary

Posted 96 days ago ago by Administrator Account

Daily Market Summary for December 1st

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



Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been mostly inactive on very light demand with a few live purchases in Nebraska at 110.00. Negotiated cash trading has been at a standstill in the Southern Plains. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 111.00. For the prior week in Nebraska live and dressed purchases traded from 110.00-111.00 and at 174.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 109.00-110.00 and from 172.00-174.00, respectively.

      

Negotiated Sales:

Confirmed:         2,084

Week Ago:         3,478

Year Ago:              719

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,900

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    176.29

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      122,000

Week ago (est)                   122,000

Year ago (act)                     122,000

Week to Date                     241,000

Same Period Last Week    242,000

Same Period Last Week    241,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 243.40… -0.28

Select:  223.08… +0.65

Choice/Select Spread: 20.32

Total Load Count: 130

            

Cutter Cow Cutout:

168.47… -0.46

   

CME Feeder Cattle Index for November 30th:

140.30… +1.41

            

Futures Settlements…

Live Cattle:

December: 110.62… +0.45

February: 113.17… +0.30

April: 116.82… +0.42

   

Feeder Cattle:

January: 141.65… +0.60

March: 140.65… +0.68

April: 141.87… +0.80

     

February Hogs: 68.75… +0.18

January Crude Oil: 44.55… -0.79

   

March Corn: 4.2075… -0.0525

March Wheat: 5.7725… -0.0775

   

Grain Cash Bids:

Kansas City Corn: 4.14… -0.05

Kansas City Wheat: 5.09… -0.07

   

Financial Markets:

DJIA: 29,823.92... +184.69

S & P 500: 3,662.45... +40.76

NASDAQ: 12,355.11... +156.37

U.S. Dollar Index: 91.18... -0.69