Dec 22 2023

Texas Daily Ag Market News Summary Posted 127 days ago by Administrator Account

Daily Market Summary for December 22nd

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

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Fed Cattle:

As of 3:00 PM Friday in all regions negotiated cash trading has been slow on light to moderate demand. In the Southern Plains, compared to last week, live FOB purchases traded 1.00 higher at 171.00. A light test was noted. In Nebraska live FOB purchases traded steady to 2.00 higher from 171.00-172.00, when compared to the last reported market on Thursday. A light test was noted. A few dressed delivered purchases traded at 271.00, however, not enough for a full market trend. Wednesday was the reported dressed delivered purchase market at 270.00. In the Western Cornbelt, not enough purchases for a market trend. Wednesday was the last reported market with live FOB purchases at 170.00 and dressed delivered purchases at 270.00.

Negotiated Sales:                                                                                               

Confirmed:         18,286

Week Ago:            6,662

Year Ago:              9,970

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,700

Weighted avg. weight:         865.00

Weighted avg. net price:     273.73

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Cattle Slaughter under Federal Inspection

Friday                 117,000

Week Ago           121,000

Year Ago               98,000

Week to Date    614,000

Last Week          626,000

Last Year            548,000

Thursday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 292.93… +1.80

Select:  261.15… -0.12

Choice/Select Spread: 31.78

Total Load Count: 90

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Cutter Cow Cutout:

202.85… +0.33

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CME Feeder Cattle Index for December 21st:

219.81… +0.01 / +0.00%

1 Year Change: +23.61%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 170.05… -0.50

February: 168.52… -0.15

April: 172.12… -0.05

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Feeder Cattle:

January: 222.75… +1.05

March: 224.40… +1.03

April: 229.52… +1.07

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February Lean Hogs: 71.35… +0.70

February Crude Oil: 73.56… -0.33

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March Corn: 4.7300… +0.0050

March Wheat: 6.1625… +0.0375

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Grain Cash Bids:

Omaha Corn: 4.63… Unchanged

Kansas City Wheat: 5.77… -0.01

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Financial Markets:

DJIA: 37,385.83… -18.33

S & P 500: 4,754.66… +7.94

NASDAQ: 14,992.97… +29.10

U.S. Dollar Index: 101.71… -0.13