Dec 05 2019

Texas Daily Market News Summary Posted 4 years 358 days ago by Administrator Account

Daily Market Summary for December 5th

  

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

---

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trade was light to moderate on moderate demand in Kansas. A few early live purchases traded in Kansas mostly 1.00 higher than the bulk of last week at 119.00. Trade was mostly inactive on light demand in all other feeding regions. The latest established market in Nebraska was last week, with live purchases 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:    8,341

Week Ago:       -0-

Year Ago:       1,149

  

Formula Net

Dressed Steers & Heifers:

Head count priced today: 29,600

Weighted avg weight:       896 lbs.

Weighted avg net price:   189.99

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported at 252.00 delivered, bids are 1.00-2.00 higher than previous week. US packer interest has been noted, depending on freight and dressing percentage US bids are working back to the mid 150's on a live basis. Last week packers were buying cattle for the week of December 16th delivery and this week could be buying cattle for the week of December 23rd delivery. With trucks tough to find and limited manpower over the holidays producers will be looking for more money for the extra hassle of delivering cattle over the holidays. 

    

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                      2,000

Year ago (act)                    122,000

Week to Date                    477,000

Same Period Last Week   343,000

Same Period Last year    482,000

Previous Day (est)

Steers & Heifers:  117,000

Cows & Bulls:          27,000

                                                                                                         

Boxed Beef:

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

Cutout Values:

Choice: 225.60… -1.35

Select:  208.12… -2.19

Choice/Select Spread: 17.48

Total Load Count:  163

  

Cutter Cow Cutout:

185.97… +0.28

  

CME Feeder Cattle Index:

144.53… -0.66

  

Futures…

Live Cattle:

December: 119.92… +0.47

February: 124.60… +0.43

April: 124.15… +0.15

  

Feeder Cattle:

January: 140.55… -0.32

March: 141.15… -0.27

April: 143.12… -0.28

      

December Hogs: 61.57… -0.30

December Crude Oil: 58.43... Unchanged

  

December Corn: 3.6550… -0.0325

January Soybeans: 8.8425…+0.0625

December Wheat: 5.3200… -0.0300

  

Grain Cash Bids:

Kansas City Corn: 3.78… -0.02

Kansas City Soybeans: 8.54… +0.06

Kansas City Wheat: 5.21… -0.04

  

Financial Markets:

Dow Jones: 27,677.79… +28.01

S & P 500: 3,117.43… +4.67

NASDAQ: 8,570.70… +4.03

U.S. Dollar Index: 97.41… -0.24