As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt, not enough purchases in either region for a market trend. Negotiated cash trade has been at a standstill in all other major feeding regions. Last week in the Southern Plains and Colorado live purchases traded at 142.00. In Nebraska and the Western Cornbelt last week live and dressed purchases traded at 140.00 and 220.00, respectively.
Negotiated Sales:
Confirmed: 4,974
Week Ago: 1,119
Year Ago: 16,064
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,100
Weighted avg. weight: 879.00
Weighted avg. net price: 230.52
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Cattle Slaughter under Federal Inspection:
Tuesday (est) 122,000
Week ago (est) 122,000
Year ago (act) 119,000
Week to Date 367,000
Same Period Last Week 365,000
Same Period Last Year 354,000
Monday
Steers & Heifers: 95,000
Cows & Bulls: 28,000
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Boxed Beef: Cutout Values:
Choice: 264.11… -3.92
Select: 253.09… -2.59
Choice/Select Spread: 11.02
Total Load Count: 161
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Cutter Cow Cutout:
230.17… +1.40
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CME Feeder Cattle Index for December 7th:
160.96… +0.20 / +0.12%
1 Year Change: +17.46%
52 Week Range: 130.15 to 162.46
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Futures Settlements…
Live Cattle:
December: 137.55… -0.67
February: 138.67… -0.55
April: 141.87… -0.58
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Feeder Cattle:
January: 163.40… -1.62
March: 165.87… -1.60
April: 168.50… -1.70
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February Hogs: 76.05… -0.5January Crude Oil: 72.36… +0.31
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March Corn: 5.8725… +0.0125
March Wheat: 7.9450… -0.1400
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Grain Cash Bids:
Omaha Corn: 5.77… +0.01
Kansas City Wheat: 7.82… -0.16
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Financial Markets:
DJIA: 35,754.09… +30.64
S & P 500: 4,701.23… +15.97
NASDAQ: 15,784.79… +118.94
U.S. Dollar Index: 95.88… -0.49
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.
