Dec 29 2021

Texas Daily Ag Market News Summary Posted 2 years 111 days ago by Administrator Account

Daily Market Summary for December 29^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. On Tuesday in Nebraska and the Western Cornbelt live and dressed purchases traded at 140.00 and from 220.00-222.00, 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:      5,471

Week Ago:    16,453

Year Ago:      12,377

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,300

Weighted avg. weight:        894.00

Weighted avg. net price:     223.06

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                   121,000

Year ago (act)                     118,000

Week to Date                     358,000

Same Period Last Week   361,000

Same Period Last Year     353,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 265.71… +1.05

Select:  257.09… +1.00

Choice/Select Spread: 8.62

Total Load Count: 135

 

Cutter Cow Cutout:

227.07… -1.69

 

CME Feeder Cattle Index for December 27^th:

159.56… +0.42 / +15.29%

1 Year Change: +15.29%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 139.40… +0.93

February: 140.72… +1.32

April: 145.32… +1.37

 

Feeder Cattle:

January: 165.87… +2.32

March: 168.05… +2.83

April: 171.05… +2.53

 

February Hogs: 83.82… +1.20

January Crude Oil: 76.56… +0.58

 

March Corn: 6.0550… +0.0075

March Wheat: 7.8775… +0.0425

 

Grain Cash Bids:

Omaha Corn: 5.96… +0.01

Kansas City Wheat: 7.95… +0.03

 

Financial Markets:

DJIA: 36,490.64… +111.15

S & P 500: 4,793.20… +6.54

NASDAQ: 15,771.65… +1.13

U.S. Dollar Index: 95.93… -0.27