Dec 04 2019

Texas Daily Ag Market Summary Posted 4 years 359 days ago by Administrator Account

Daily Market Summary for December 4th 

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trade was limited on light to moderate demand in most feeding regions. However, 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:    2,725

Week Ago:   14,331

Year Ago:       1,234

  

Formula Net

Dressed Steers & Heifers:

Head count priced today: 27,900

Weighted avg weight:       871 lbs.

Weighted avg net price:   190.51

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Monday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels have eased since Monday. Alberta fed basis levels historically strengthen from November to December. Based on the five year, from the beginning of December to the end of December fed prices historically rally 10.00.

    

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  116,000

Year ago (act)                    122,000

Week to Date                    361,000

Same Period Last Week   341,000

Same Period Last year     360,000

Previous Day (est)

Steers & Heifers: 95,000

Cows & Bulls:       25,000

                                                                                                         

Boxed Beef:

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

Cutout Values:

Choice: 226.95… -3.20

Select:  210.31… -2.00

Choice/Select Spread: 16.64

Total Load Count:  153

  

Cutter Cow Cutout:

185.69… -1.11

  

CME Feeder Cattle Index:

145.19… +0.16

  

Futures…

Live Cattle:

December: 119.45… -1.10

February: 124.17… -1.48

April: 125.00… -1.22

  

Feeder Cattle:

January: 140.87… -1.50

March: 141.42… -1.50

April: 143.40… -1.55

       

December Hogs: 61.87… -0.63

December Crude Oil: 58.43… +2.33

  

December Corn: 3.6875… -0.0325

January Soybeans: 8.7800… +0.0700

December Wheat: 5.3500… +0.0450

  

Grain Cash Bids:

Kansas City Corn: 3.80… Unchanged

Kansas City Soybeans: 8.48… +0.12

Kansas City Wheat: 5.25… +0.02

  

Financial Markets:

Dow Jones: 27,651.61… +148.80

S & P 500: 3,112.86… +19.66

NASDAQ: 8,566.67… +46.03

U.S. Dollar Index: 97.61… -0.13