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Texas Daily Ag Market News Summary

Posted 124 days ago ago by Administrator Account

Daily Market Summary for December 14th

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 Monday, negotiated cash trading in the 5 Area Feeding region has been at a standstill. Last week in the Southern Plains live purchases traded at 108.00. For the prior week in Nebraska live and dressed purchases traded from 106.00-107.00 and mostly at 168.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 104.00-105.00 and mostly at 168.00.

      

Negotiated Sales:

Confirmed:             35

Week Ago:            222

Year Ago:              835

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,700

Weighted avg. weight:       882 lbs.

Weighted avg. net price:    176.92

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      120,000

Week ago (est)                   119,000

Year ago (act)                     120,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.69… -4.19

Select:  192.30… -3.41

Choice/Select Spread: 17.39

Total Load Count: 177

            

Cutter Cow Cutout:

170.85… +3.59

   

CME Feeder Cattle Index for December 11th:

136.57… -0.09

            

Futures Settlements…

Live Cattle:

December: 109.10… +0.35

February: 113.10… -0.15

April: 117.37… Unchanged

   

Feeder Cattle:

January: 140.02… +0.30

March: 140.60… +0.05

April: 141.85… -0.05

     

February Hogs: 65.67… +2.45

January Crude Oil: 46.91… +0.34

   

March Corn: 4.2400… +0.0050

March Wheat: 5.9650… -0.1800

   

Grain Cash Bids:

Kansas City Corn: 4.17… Unchanged

Kansas City Wheat: 5.32… -0.19

   

Financial Markets:

DJIA: 28,860.50… -185.87

S & P 500: 3,647.41… -16.05

NASDAQ: 12,462.21… +86.80

U.S. Dollar Index: 90.73… -0.25