Dec 05 2022

Texas Daily Ag Market News Summary Posted 1 years 139 days ago by Administrator Account

Daily Market Summary for December 5th

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

---

Slaughter Cattle:

As of 3:00 PM Monday negotiated cash trading has been mostly inactive on very light demand in Nebraska. Not enough purchases for a market trend. In the Southern Plains, Colorado and Western Cornbelt negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 155.00. In Nebraska for the prior week live and dressed purchases traded at 157.00 and from 248.00-249.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 157.00-158.00 and at 249.00, respectively. In Colorado last week live purchases traded at 157.00.

Negotiated Sales:

Confirmed:             271

Week Ago:              340

Year Ago:             1,001

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:         885.00

Weighted avg. net price:     250.44

-

Cattle Slaughter under Federal Inspection

Monday (est)                       127,000

Week ago (est)                     128,000

Year ago (act)                       121,000

Friday:

Steers & Heifers:            95,000

Cows & Bulls:                  28,000

-

Boxed Beef:

Cutout Values:

Choice: 243.31… -6.62

Select:  221.11… -3.45

Choice/Select Spread: 22.20

Total Load Count: 132

-

Cutter Cow Cutout:

190.40… +1.24

-

CME Feeder Cattle Index for December 2nd:

178.14… -0.89 / -0.50%

1 Year Change: +11.40%

52 Week Range: 152.31 to 183.16

-

Futures Settlements…

Live Cattle:

December: 153.22… -0.13

February: 155.82… -0.05

April: 159.57… Unchanged

-

Feeder Cattle:

January: 183.77… +1.32

March: 186.37… +1.10

April: 189.52… +0.90

-

February Hogs: 90.52… +0.10

January Crude Oil: 76.93… -3.05

-

March Corn: 6.4050… -0.0575

March Wheat: 7.3900… -0.2200

-

Grain Cash Bids:

Omaha Corn: 6.95… -0.11

Kansas City Wheat: 7.99… -0.25

-

Financial Markets:

DJIA: 33,946.51… -482.44

S & P 500: 3,998.82… -72.81

NASDAQ: 11,239.94… -221.56

U.S. Dollar Index: 105.32… +0.77