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Texas Daily Ag Market News Summary

Posted 123 days ago ago by Administrator Account

Daily Market Summary for December 15th

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 has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been very limited on very light demand. Not enough purchases for a market trend. 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:           2,119

Week Ago:          14,168

Year Ago:                   38

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,300

Weighted avg. weight:       895 lbs.

Weighted avg. net price:    176.76

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                    117,000

Year ago (act)                      123,000

Week to Date                      592,000

Same Period Last Week    598,000

Same Periond Last Year    614,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.82… -0.87

Select:  192.20… -0.10

Choice/Select Spread: 16.62

Total Load Count: 174

            

Cutter Cow Cutout:

168.16… -2.69

   

CME Feeder Cattle Index for December 14th:

136.69… +0.12

            

Futures Settlements…

Live Cattle:

December: 108.60… -0.50

February: 112.87… -0.23

April: 117.12… -0.25

   

Feeder Cattle:

January: 140.10… +0.08

March: 140.90… +0.30

April: 142.17… +0.32

     

February Hogs: 66.45… +0.78

January Crude Oil: 47.62… +0.63

   

March Corn: 4.2475… +0.0075

March Wheat: 5.9975… +0.0325

   

Grain Cash Bids:

Kansas City Corn: 4.18… +0.01

Kansas City Wheat: 5.31… +0.04

   

Financial Markets:

DJIA: 30,200.43… +339.93

S & P 500: 3,694.65… +47.24

NASDAQ: 12,595.92… +133.71

U.S. Dollar Index: 90.46… -0.25