Dec 06 2019

Texas Daily Ag Market News Summary Posted 4 years 357 days ago by Administrator Account

Daily Market Summary for December 6th

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Slaughter Cattle:

As of 3:00 PM Friday, trade and demand was moderate in Nebraska and the Western Cornbelt. Compared to last week in Nebraska, dressed purchases traded 1.00 higher at 188.00. Not enough live purchases for and adequate market test. Last week in Nebraska live purchases traded from 118.00-120.00. In the Western Cornbelt compared to last week, live purchases traded 1.00 higher from118.00-119.00. Dressed purchases compared to last week traded 1.00 higher at 188.00. Trade was limited on moderate demand in Kansas on Friday. Live purchases on Thursday traded at 119.00.

    

Negotiated Sales:

Confirmed:   25,154

Week Ago:      4,707

Year Ago:      13,417

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 23,900

Weighted avg weight:       881 lbs.

Weighted avg net price:   191.29

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales reported at 258.00 delivered. Sales are 7.00-8.00 higher than the previous week. Even with the jump in fed prices sale volumes are still very light suggesting feedlot inventories are current. Buyers were indicating cattle that they bought this week would not be picked up until the week of December 30th. Light volumes of western Canadian fed cattle traded into the US. Sales to the US are comparable with local deals.

    

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  115,000

Year ago (act)                    121,000

Week to Date                    598,000

Same Period Last Week   458,000

Same Period Last year     603,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                         

Boxed Beef:

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

 

Cutout Values:

Choice: 224.56… -1.04

Select:  207.30… -0.82

Choice/Select Spread: 17.26

Total Load Count:  132

    

Cutter Cow Cutout:

180.84… -5.13

   

CME Feeder Cattle Index:

144.53

   

Futures…

Live Cattle:

December: 120.20… +0.28

February: 124.97… +0.37

April: 125.35… +0.20

   

Feeder Cattle:

January: 141.55… +1.00

March: 141.67… +0.52

April: 143.77… +0.65

     

December Hogs: 61.12… -0.45

December Crude Oil: 59.20… +0.77

   

December Corn: 3.6650… +0.0100

January Soybeans: 8.8950… +0.0525

December Wheat: 5.3250… +0.0050

   

Grain Cash Bids:

Kansas City Corn: 3.80… +0.02

Kansas City Soybeans: 8.62… +0.08

Kansas City Wheat: 5.17… -0.04

   

Financial Markets:

Dow Jones: 28,015.06… +337.27

S & P 500: 3,145.91… +28.48

NASDAQ: 8,656.53… +85.83

U.S. Dollar Index: 97.67… +0.26