Dec 09 2019

Texas Daily Ag Market News Summary Posted 4 years 354 days ago by Administrator Account

Daily Market Summary for December 9th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light to moderate demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in any feeding region was last week with live purchases in Kansas at 119.00. Last week in Nebraska, live purchases traded from 118.00-119.00 with dressed purchases at

188.00. Last week in the Western Cornbelt, live purchases traded from 118.00-120.00 with dressed purchases from 188.00-190.00, bulk at 188.00.

    

Negotiated Sales:

Confirmed:   281

Week Ago:    789

Year Ago:      262

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 40,200

Weighted avg weight:       884 lbs.

Weighted avg net price:   189.20

    

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Last week with weighted average steer and heifer prices closing the week from 153.00-154.00. Prices are 3.00 higher than the previous week. Fed cattle prices are now trading 3.00 higher than last year, this is the first time since August fed prices have been above last year. Looking at the non-fed market, butcher cows traded 1.00 higher through commercial auction facilities last week. Annual lows are likely in our rear-view mirror.

     

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  120,000

Year ago (act)                    119,000

Week to Date                    598,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                         

Boxed Beef:

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

Cutout Values:

Choice: 223.64… -0.92

Select:  206.49… -0.81

Choice/Select Spread: 17.15

Total Load Count:  136

     

Cutter Cow Cutout:

187.07… +6.23

    

CME Feeder Cattle Index:

143.48… -1.01

    

Futures…

Live Cattle:

December: 120.17… -0.03

February: 124.75… -0.22

April: 125.40… +0.05

    

Feeder Cattle:

January: 141.52… -0.03

March: 142.27… +0.60

April: 144.15… +0.38

      

December Hogs: 60.00… -1.12

December Crude Oil: 59.02… -0.18

    

December Corn: 3.6575… -0.0075

January Soybeans: 8.9725… +0.0775

December Wheat: 5.3200… -0.0050

    

Grain Cash Bids:

Kansas City Corn: 3.79… -0.01

Kansas City Soybeans: 8.72… +0.10

Kansas City Wheat: 5.15… -0.02

    

Financial Markets:

Dow Jones: 27,909.80… -105.26

S & P 500: 3,135.97… -9.94

NASDAQ: 8,621.83… -34.70

U.S. Dollar Index: 97.64… -0.06