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Daily Market Summary for December 7th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.18%

Change from 10 Days Ago: +0.78%

 60-Day Index Trendline

Change from 60 Days Ago: +7.17%​

Change from 60 Day High:   -1.71%

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

Wednesday Regional Auction Reports

Slaughter Cattle:

As of 3:00 PM Wednesday negotiated, cash trading in Nebraska has been slow on light to moderate demand with live purchases 1.00 lower compared to last week at 156.00 and dressed purchases 1.00 to 2.00 lower compared to last week at 247.00. In the Southern Plains, Western Cornbelt, and Colorado negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. Last week in the Southern Plains live purchases traded at 155.00. 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 live purchases traded at 157.00.

Negotiated Sales:

Confirmed:          14,267

Week Ago:           18,300

Year Ago:               4,974

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,700

Weighted avg. weight:         874.00

Weighted avg. net price:     252.55

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 127,000

Week ago (est)                     128,000

Year ago (act)                       120,000

Week to Date                       382,000

Same Period Last Week     384,000

Same Period Last Year       365,000

Tuesday:

Steers & Heifers:             99,000

Cows & Bulls:                   29,000

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Boxed Beef:

Cutout Values:

Choice: 248.96… +6.31

Select:  219.77… +0.63

Choice/Select Spread: 29.19

Total Load Count: 174

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Cutter Cow Cutout:

190.00… -2.07

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CME Feeder Cattle Index for December 6th:

179.02… +0.49 / +0.27%

1 Year Change: +11.08%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 151.92… +0.37

February: 153.55… -0.07

April: 157.62… Unchanged

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Feeder Cattle:

January: 180.90… -0.90

March: 183.25… -0.90

April: 186.60… -0.72

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February Hogs: 86.65… -0.27

January Crude Oil: 72.01… -2.24

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March Corn: 6.4125… +0.0400

March Wheat: 7.4950… +0.2050

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Grain Cash Bids:

Omaha Corn: 6.98… +0.06

Kansas City Wheat: 8.05… +0.18

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Financial Markets:

DJIA: 33,596.87… +0.36

S & P 500: 3,933.42… -7.81

NASDAQ: 10,956.94… -57.95

U.S. Dollar Index: 105.16… -0.42

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.