Dec 23 2021

Texas Daily Ag Market News Summary Posted 2 years 118 days ago by Administrator Account

Daily Market Summary for December 23^rd

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 in the Southern Plains have been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. In the Southern Plains on Wednesday live purchases traded at 135.00. In Nebraska on Tuesday live purchases traded at 135.00 and on Wednesday dressed purchases traded from 217.00-218.00. In the Western Cornbelt last week live and dressed purchases traded at 138.00 and from 217.00-218.00, respectively.

 

Negotiated Sales:

Confirmed:         912

Week Ago:       5,850

Year Ago:          None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,100

Weighted avg. weight:        889.00

Weighted avg. net price:     223.16

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                    117,000

Week ago (est)                    122,000

Year ago (act)                        65,000

Week to Date                      478,000

Same Period Last Week    479,000

Same Period Last Year      414,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 262.94… +1.08

Select:  252.95… +2.12

Choice/Select Spread: 9.99

Total Load Count: 91

 

Cutter Cow Cutout:

228.89… -0.11

 

CME Feeder Cattle Index for December 22^nd:

160.28… +0.03 / +0.02%

1 Year Change: +14.63%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 137.05… +1.30

February: 139.62… +2.25

April: 143.92… +1.80

 

Feeder Cattle:

January: 163.45… +1.68

March: 163.75… +1.83

April: 167.37… +1.82

 

February Hogs: 83.22… -0.13

January Crude Oil: 73.79… +1.03

 

March Corn: 6.0575… -0.0325

March Wheat: 8.1475… +0.0075

 

Grain Cash Bids:

Omaha Corn: 5.96… +0.03

Kansas City Wheat: 8.32… +0.08

 

Financial Markets:

DJIA: 35,950.46… +196.43

S & P 500: 4,725.71… +29.08

NASDAQ: 15,664.42… +148.74

U.S. Dollar Index: 96.01… -0.07