Dec 03 2019

Texas Daily Market News Summary Posted 4 years 360 days ago by Administrator Account

Daily Market Summary for December 3rd

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was mostly inactive on light demand in all feeding regions.  Not enough purchases in any feeding region for an adequate market test. The latest established market in Kansas was last week, with live purchases from 118.00-119.00, bulk at 118.00. In Nebraska last week, live purchases traded from 118.00-120.00 with dressed purchases at 187.00. In the Western Cornbelt for the previous week on a light test, live purchases traded from 117.00-118.00 with dressed purchases at 187.00.

    

Negotiated Sales:

Confirmed:    719

Week Ago:     640

Year Ago:       556

  

Formula Net

Dressed Steers & Heifers:

Head count priced today: 21,100

Weighted avg weight:       871 lbs.

Weighted avg net price:   190.52

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Monday saw no new trade to report. This week’s showlist has been compiled with volumes larger than the previous week. Looking at the most recent weekly live cattle export data. Canadian fed cattle and cow export volumes totaled just over 12,000 head. This is the third largest weekly export volumes seen this year. Feeder cattle exports to the US are a completely different story. Alberta calf and feeder prices are trading par to a slight premium over the US market which has moderated export demand. Weekly feeder export to the US totaled just over 1,000 head, volumes are down 75% compared to last year.

    

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                  107,000

Year ago (act)                    120,000

Week to Date                    240,000

Same Period Last Week   225,000

Same Period Last year      238,000

Previous Day (est)

Steers & Heifers: 96,000

Cows & Bulls:       24,000

                                                                                                         

Boxed Beef:

Boxed beef cutout values weak to lower on light demand and heavy offerings. Select and Choice chuck and round cuts steady to weak while loin cuts weak to lower. Choice rib cuts weak while Select firm.  Beef trimmings steady to weak on moderate demand and offerings.

Cutout Values:

Choice: 230.15… -2.46

Select:  212.31… -0.67

Choice/Select Spread: 17.84

Total Load Count:  150

  

Cutter Cow Cutout:

186.80… +0.83

  

CME Feeder Cattle Index:

144.97

  

Futures…

Live Cattle:

December: 120.55… -0.20

February: 125.65… -0.15

April: 126.22… -0.02

  

Feeder Cattle:

January: 142.37… +0.22

March: 142.92… -0.10

April: 144.95… -0.02

  

December Hogs: 62.50… +2.15

December Crude Oil: 56.10… +0.14

  

December Corn: 3.7200… -0.0150

January Soybeans: 8.7100… +0.0050

December Wheat: 5.3050… -0.1275

  

Grain Cash Bids:

Kansas City Corn: 3.80… -0.01

Kansas City Soybeans: 8.36… Unchanged

Kansas City Wheat: 5.23… -0.10

  

Financial Markets:

Dow Jones: 27,503.48… -279.56

S & P 500: 3,093.26… -20.61

NASDAQ: 8,520.64… -47.35

U.S. Dollar Index: 97.73… -0.12