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Daily Market Summary for December 11th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +1.40%

Change from 10 Days Ago: +4.12%

 

 60-Day Index Trendline

Change from 60 Days Ago: +14.80%​

Change from 60 Day High:    0.00%

 
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.

Tuesday Regional Auction Reports

 
Fed Cattle: 
USDA reported at 3:00 PM on Wednesday thay negotiated cash trading in the Southern Plains has been mostly inactive on very light demand. In the Texas Panhandle, last week live FOB purchases traded from 190.00-191.00. In Kansas, the last reported market was on Tuesday with live FOB purchases at 191.00. In Nebraska and the Western Cornbelt negotiated cash trading has been limited on light demand. In both regions, a few live FOB purchases traded at 193.00, however, not enough for a market trend. Last week in these regions, live FOB and dressed delivered purchases traded from 190.00-192.00 and at 297.00, respectively.
Negotiated Sales:
Confirmed:     5,924
Week Ago:        924
Year Ago:     10,467
Formula Net - Dressed Steers & Heifers:
Head count priced today:  23,600
Weighted avg. weight:           913
Weighted avg. net price:   305.43
-
Cattle Slaughter under Federal Inspection
Wednesday           125,000
Week Ago               125,000
Year Ago                 126,676
Week to Date        364,000
Last Week WTD     367,000
Last Year WTD       378,814
Tuesday
Steers & Heifers:      97,000
Cows & Bulls:            23,000
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Boxed Beef:
Cutout Values:
Choice: 311.23… -0.50
Select:  278.11… -1.54
Choice/Select Spread: 33.12
Total Load Count: 122
-
Cutter Cow Cutout:
258.67… +3.55
-
CME Feeder Cattle Index for December 10th:
261.46… -0.16 / -0.06%
1 Year Change: +19.73%
52 Week Range: 215.33 to 262.25
-
Futures Settlements:
Live Cattle:  
December: 192.25… +2.40
February: 191.37… +2.35
April: 192.62… +1.97
-
Feeder Cattle:
January: 259.05… +1.73
March: 259.37… +1.92
April: 260.17… +1.82
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February Lean Hogs: 84.37… -0.20
November Crude Oil: 70.34… +1.75
-
February Corn: 4.4825… -0.0075
February Wheat: 5.6325… +0.150
-
Grain Cash Bids:
Omaha Corn: 4.34… +0.02
Kansas City Wheat: 4.92… +0.01
-
Financial Markets:
DJIA: 44,148.93… -98.90
S & P 500: 6,084.25… +49.24
NASDAQ: 20,034.89… +347.65
U.S. Dollar Index: 106.72… +0.32
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.