Dec 20 2018

Texas Daily Ag Market News Summary Posted 5 years 343 days ago by Administrator Account

Daily Market Summary for December 20th  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM, Thursday negotiated cash trading has been at a standstill in the Southern Plains. Last week live cash trades moved at 119.00 in the Southern Plains. So far for Thursday in Nebraska negotiated cash trading has been slow to moderate on moderate demand. Compared to last week dressed cash trades moved 2.00 higher at 190.00. Not enough live cash trades for a market trend. Last week live cash trades moved at 118.00. Thus far for Thursday in the Western Cornbelt negotiated cash trading has been limited with light demand. A few early live and dressed cash trades have moved at 120.00 and 190.00, respectively. However, not enough trades for a market trend. For the previous week in the Western Cornbelt live and dressed cash trades moved mostly at 117.00 and 187.00, respectively.

 

Negotiated Sales:

Confirmed: 20,837    Week Ago: 240    Year Ago: 10,644

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 13,400

Weighted avg weight:        859.00

Weighted avg net price:    190.84

 

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Wednesday saw no new trade to report, dressed bids of 258.00 delivered have been reported with no selling interest. Bids are 2.00 lower than last week. Many producers have sold what they needed to sell for this year. Feedlot inventories are current enough cattle could stay on feed for an additional couple of weeks. If bids do not improve sale volumes will be light this week.  

 

Livestock Slaughter under Federal Inspection:                                  

                                 Cattle       Calves    Hogs          Sheep

Thursday (est         116,000    2,000     476,000      8,000

Week ago (est)       122,000    2,000     476,000      9,000

Year ago (act)         118,000    2,000     468,000      9,000

Week to date (est) 463,000    8,000   1,909,000   33,000

Last Week (est)      483,000    8,000   1,911,000    35,000

Last Year (act)        470,000    9,000   1,879,000    38,000

 

Boxed Beef: 

Boxed beef cutout values firm to higher on good demand and light offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings sharply lower on light demand and moderate offerings.

Cutout Values...              Choice       Select

Current Cutout Values:    212.47     205.26

Change from prior day:      +0.77       +0.41

Choice/Select spread:        +7.21

 

CME Feeder Cattle Index: 145.74… +0.13

 

Futures

Live Cattle:

December: 120.22… +0.50

February: 122.35… +0.10

April: 124.57… Unchanged

Feeder Cattle:

January: 147.42… +1.22

March: 145.45… +1.18

April: 145.90… +1.10

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March Corn: 3.7525… -0.0650

January Soybeans: 8.9350… -0.0650

March Wheat: 5.2350… +0.0100

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February Hogs: 62.37… -0.33

January Crude Oil: 45.88… -1.32

 

Financial Markets: 

Dow Jones Industrial Average: 22.859.60… -464.06

S & P 500: 2,467.41… -39.55

NASDAQ: 6,528.41… -108.42

U.S. Dollar Index: 96.32… -0.65

Cotton (www.ams.usda.gov): 

March Cotton Futures: 75.06… -1.65

Milk (www.cmegroup.com): 

December Class III Milk Futures: 13.84… +/-0.00