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Texas Daily Ag Market News Summary

Posted 134 days ago ago by Administrator Account

Daily Market Summary for December 4th

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 Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. The last reported market in Texas was on Wednesday with live purchases from 110.00-112.00. In Kansas, the last reported market was on Thursday with live purchases at 110.00. In Nebraska on Wednesday, live and dressed purchases traded from 109.00-110.00 and 172.00-174.00 respectfully. In the Western Cornbelt on Wednesday live and dressed purchases traded at 109.00 and 172.00 respectfully.

      

Negotiated Sales:

Confirmed:           2,257

Week Ago:            7,420

Year Ago:            25,154

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,400

Weighted avg. weight:       880 lbs.

Weighted avg. net price:    178.56

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          117,000

Week ago (est)                   115,000

Year ago (act)                     122,000

Week to Date                     598,000

Same Period Last Week    476,000

Same Period Last Week    602,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 235.02… -4.17

Select:  217.51… -2.42

Choice/Select Spread: 17.51

Total Load Count: 132

            

Cutter Cow Cutout:

169.11… +0.77

   

CME Feeder Cattle Index for December 2nd:

139.44… -0.43

            

Futures Settlements…

Live Cattle:

December: 108.87… -0.73

February: 112.40… -0.17

April: 116.17… -0.13

   

Feeder Cattle:

January: 139.77… -0.03

March: 139.42… +0.10

April: 140.77… +0.07

     

February Hogs: 66.57… -0.35

January Crude Oil: 46.26… +0.62

   

March Corn: 4.2050… -0.0600

March Wheat: 5.7550… -0.0900

   

Grain Cash Bids:

Kansas City Corn: 4.14… -0.06

Kansas City Wheat: 5.13… -0.07

   

Financial Markets:

DJIA: 30218.26… +248.48

S & P 500: 3,699.12… +32.35

NASDAQ: 12,464.23… +87.05

U.S. Dollar Index: 90.81… +0.10