Dec 09 2021

Texas Daily Ag Market News Summary Posted 2 years 141 days ago by Administrator Account

Daily Market Summary for December 9^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern Plains a light test of live purchases traded steady with Wednesday at 140.00. In the Western Cornbelt a few live and dressed purchases traded from 138.00-140.00 and at 220.00, respectively. However, not enough purchases for a full market trend.

 

Last week live and dressed purchases traded at 140.00 and 220.00, respectively. In Nebraska negotiated cash trading has been slow to moderate with moderate demand. Dressed purchases traded steady at 220.00, when compared to last week. A few live purchases traded from 138.00- 140.00, not enough for a market trend. Last week live purchases traded at 140.00. In Colorado negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week live purchases traded at 142.00.

 

Negotiated Sales:

Confirmed:  31,800 

Week Ago:   62,547

Year Ago:       6,871

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,800

Weighted avg. weight:        909.00

Weighted avg. net price:    229.84

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                    122,000

Week ago (est)                   123,000

Year ago (act)                     120,000

Week to Date                      489,000

Same Period Last Week    488,000

Same Period Last Year     474,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       29,000

 

Boxed Beef:

Cutout Values:

Choice: 264.55… +0.44

Select:  251.68… -1.41

Choice/Select Spread: 12.87

Total Load Count: 204

 

Cutter Cow Cutout:

228.57… -1.60

 

CME Feeder Cattle Index for December 8^th:

161.63… +0.47 / +0.29%

1 Year Change: +17.88%

52 Week Range: 130.15 to 162.46

 

Futures Settlements…

Live Cattle:

December: 136.72… -0.83

February: 137.80… -0.87

April: 141.22… -0.65

 

Feeder Cattle:

January: 164.07… +0.67

March: 165.07… -0.80

April: 167.85… -0.65

 

February Hogs: 77.82… +1.77

January Crude Oil: 70.94… -1.42

 

March Corn: 5.9175… +0.0450

March Wheat: 7.7675… -0.1775

 

Grain Cash Bids:

Omaha Corn: 5.82… +0.05

Kansas City Wheat: 7.67… -0.15

 

Financial Markets:

DJIA: 35,755.28… +1.19

S & P 500: 4,667.53… -33.70

NASDAQ: 15,517.40… -267.39

U.S. Dollar Index: 96.21… +0.33