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Texas Daily Ag Market News Summary

Posted 87 days ago ago by Administrator Account

Daily Market Summary for December 10th

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 Thursday, negotiated cash trading has been limited on light demand in Nebraska and Western Cornbelt. In Nebraska a few live and dressed purchases traded at 107.00 and 168.00, respectively. Not enough purchases in either region for a full market trend. Last week in Nebraska live purchases traded at 110.00 and dressed purchases traded from 172.00-174.00. In the Western Cornbelt Wednesday was the last reported market with live purchases from 104.00-105.00 and dressed purchases at 168.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market was on Tuesday with live purchases at 108.00.

      

Negotiated Sales:

Confirmed:             6,871

Week Ago:            18,447

Year Ago:              16,517

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,200

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    178.06

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                    120,000

Week ago (est)                   120,000

Year ago (act)                     122,000

Week to Date                      474,000

Same Period Last Week    481,000

Same Periond Last Year    491,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 214.59… -3.67

Select:  198.47… -3.18

Choice/Select Spread: 16.12

Total Load Count: 185

            

Cutter Cow Cutout:

168.79… -0.68

   

CME Feeder Cattle Index for December 9th:

137.11… -0.09

            

Futures Settlements…

Live Cattle:

December: 107.92… +0.55

February: 111.85… +0.88

April: 115.97… +0.92

   

Feeder Cattle:

January: 137.60… +0.58

March: 139.25… +0.45

April: 140.72… +0.30

     

February Hogs: 65.10… -1.17

January Crude Oil: 46.78… +1.26

   

March Corn: 4.2125… -0.0250

March Wheat: 5.9650… +0.1325

   

Grain Cash Bids:

Kansas City Corn: 4.14… -0.03

Kansas City Wheat: 5.29… +0.13

   

Financial Markets:

DJIA: 29,999.26… -68.49

S & P 500: 3,668.08… -4.68

NASDAQ: 12,401.74… +37.10

U.S. Dollar Index: 90.77… -0.32