Dec 30 2021

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

Daily Market Summary for December 30^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in the Texas Panhandle with live purchases 3.00 higher compared to last week at 138.00. Negotiated cash trading has been mostly inactive on light demand in all other major feeding regions. 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. Last week in Kansas live purchases traded at 135.00.

 

Negotiated Sales:

Confirmed:      6,476

Week Ago:          912

Year Ago:       34,836

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,100

Weighted avg. weight:        892.00

Weighted avg. net price:     219.79

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                    117,000

Week ago (est)                   117,000

Year ago (act)                       94,000

Week to Date                     475,000

Same Period Last Week    478,000

Same Period Last Year      447,000

Wednesday

Steers & Heifers:  92,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 265.26… -0.45

Select:  258.23… +1.14

Choice/Select Spread: 7.03

Total Load Count: 102

 

Cutter Cow Cutout:

226.32… -0.76

 

CME Feeder Cattle Index for December 29^th:

163.55… +3.99 / +2.50%

1 Year Change: +17.86%

52 Week Range: 130.15 to 163.55

 

Futures Settlements…

Live Cattle:

December: 139.05… -0.35

February: 139.97… -0.75

April: 144.87… -0.45

 

Feeder Cattle:

January: 166.32… +0.35

March: 169.00… +0.75

April: 171.85… +0.80

 

February Hogs: 82.70… -1.12

January Crude Oil: 76.99… +0.43

 

March Corn: 5.9600… -0.0950

March Wheat: 7.7975… -0.0800

 

Grain Cash Bids:

Omaha Corn: 5.86… -0.10

Kansas City Wheat: 7.83… -0.12

 

Financial Markets:

DJIA: 36,399.99… -90.65

S & P 500: 4,778.91… -14.29

NASDAQ: 15,737.73… -33.92

U.S. Dollar Index: 96.00… +0.07