Dec 03 2021

Texas Daily Ag Market News Summary Posted 2 years 145 days ago by Administrator Account

Daily Market Summary for December 3^rd

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases in any region for a market trend. Thursday was the last reported market in the Southern Plains and Colorado with live purchases at 142.00. On Thursday in Nebraska and the Western Cornbelt, live and dressed purchases traded at 140.00 and 220.00, respectively.

 

Negotiated Sales:

Confirmed:   4,889  

Week Ago:    4,247

Year Ago:      2,257

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:        897.00

Weighted avg. net price:    222.07

 

Cattle Slaughter under Federal Inspection:

Friday (est)                          119,000

Week ago (est)                   119,000

Year ago (act)                      118,000

Week to Date                      607,000

Same Period Last Week    485,000

Same Period Last Year      597,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 274.36… +2.34

Select:  258.64… +0.39

Choice/Select Spread: 15.72

Total Load Count: 117

 

Cutter Cow Cutout:

229.63… +0.76

 

CME Feeder Cattle Index for December 2^nd:

161.58… +0.24 / +0.15%

1 Year Change: +16.09%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 137.67… +0.02

February: 138.95… -0.62

April: 142.15… -0.45

 

Feeder Cattle:

January: 164.12… -1.65

March: 167.10… -1.22

April: 169.85… -1.05

 

February Hogs: 81.50… -0.50

January Crude Oil: 66.26… -0.24

 

March Corn: 5.8400… +0.0725

March Wheat: 8.0375… -0.1125

 

Grain Cash Bids:

Omaha Corn: 5.74… +0.07

Kansas City Wheat: 7.94… -0.18

 

Financial Markets:

DJIA: 34,579.55… -60.24

S & P 500: 4,538.39… -38.71

NASDAQ: 15,090.04... -273.18

U.S. Dollar Index: 96.18… +0.02