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Dec
28
2021

Texas Daily Ag Market News Summary

Posted 2 years 90 days ago by Administrator Account

Daily Market Summary for December 28th

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 slow on light demand in the Western Cornbelt with live purchases 2.00 higher compared to last week at 140.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 217.00. Negotiated cash trading in Nebraska has been limited on light demand, however not enough for a full market trend. Last week in Nebraska live and dressed purchases traded at 135.00 and from 217.00-218.00, respectively. Negotiated cash trading has been at a standstill in the Southern Plains. Last week in the Southern Plains live purchases traded at 135.00.

 

Negotiated Sales:

Confirmed:      9,331

Week Ago:       2,356

Year Ago:         1,483

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:        878.00

Weighted avg. net price:     221.83

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     122,000

Week ago (est)                   120,000

Year ago (act)                     118,000

Week to Date                     238,000

Same Period Last Week    240,000

Same Period Last Year      235,000

Monday

Steers & Heifers:  92,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 264.66… +0.18

Select:  255.66… +0.91

Choice/Select Spread: 8.57

Total Load Count: 123

 

Cutter Cow Cutout:

228.76… +3.10

 

CME Feeder Cattle Index for December 27th:

159.56… +0.42 / +15.29%

1 Year Change: +15.29%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 138.47… +1.17

February: 139.40… +0.13

April: 143.95… +0.28

 

Feeder Cattle:

January: 163.55… +1.15

March: 165.22… +1.95

April: 168.52… +1.60

 

February Hogs: 82.62… -1.03

January Crude Oil: 75.98… +0.41

 

March Corn: 6.0475… -0.1000

March Wheat: 7.8350… -0.2050

 

Grain Cash Bids:

Omaha Corn: 5.95… -0.10

Kansas City Wheat: 7.92… -0.25

 

Financial Markets:

DJIA: 36,379.49… +76.06

S & P 500: 4,786.66… -4.77

NASDAQ: 15,770.52… -96.52

U.S. Dollar Index: 96.15… +0.07






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