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Texas Daily Ag Market News Summary

Posted 76 days ago ago by Administrator Account

Daily Market Summary for December 18th

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 in Nebraska and Western Cornbelt, negotiated cash trading has been limited on very light demand. In Nebraska a few live purchases traded at 107.00. However, not enough for a market trend. Wednesday was the last reported market in these regions with live and dressed purchases at 105.00 and 165.00, respectively. Thus far for Friday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market was on Thursday with live purchases at 108.00.

      

Negotiated Sales:

Confirmed:          4,525

Week Ago:           1,290

Year Ago:            4,700

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,400

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    172.91

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          117,000

Week ago (est)                   118,000

Year ago (act)                     116,000

Week to Date                      590,000

Same Period Last Week    592,000

Same Period Last Year      605,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.63… -0.88

Select:  194.27… +0.57

Choice/Select Spread: 14.36

Total Load Count: 115

            

Cutter Cow Cutout:

167.95… +0.43

   

CME Feeder Cattle Index for December 17th:

138.48… +1.29

            

Futures Settlements…

Live Cattle:

December: 110.47… +1.12

February: 114.85… +0.40

April: 118.65… +0.23

   

Feeder Cattle:

January: 140.45… -0.52

March: 142.30… -0.30

April: 143.90… -0.10

     

February Hogs: 65.80… +0.30

January Crude Oil: 49.10… +0.74

   

March Corn: 4.3750… +0.0500

March Wheat: 6.0825… -0.0050

   

Grain Cash Bids:

Kansas City Corn: 4.23… +0.05

Kansas City Wheat: 5.34… -0.01

   

Financial Markets:

DJIA: 30,179.05… -122.74

S & P 500: 3,709.41… -13.06

NASDAQ: 12,738.18… -13.88

U.S. Dollar Index: 89.99… +0.17