Dec 13 2019

Texas Daily Ag Market Summary Posted 4 years 350 days ago by Administrator Account

Daily Market Summary for December 13th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been slow on moderate demand in Nebraska and the Western Cornbelt. Thus far for the week, in Nebraska, a few live trades have moved at 119.00 and a few dressed trades moved from 188.00-194.00. Thus far for the week, In the Western Cornbelt, a few live trades have moved at 120.00 and a few dressed trades have moved at 188.00. So far for Friday in Kansas trading has been inactive on very light demand. Not enough trades for a market trend. The last fully reported market in Kansas was on Thursday with live trades at 119.00.

    

Negotiated Sales:

Confirmed:   19,588

Week Ago:     25,154

Year Ago:       25,528

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 19.800

Weighted avg weight:       863 lbs.

Weighted avg net price:   190.97

    

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw light trade develop with dressed sales reported at 260.00 delivered. Sales are steady to 2.00 higher than the previous week. Two out of the three western Canadian packers bought cattle this week. Some producers were indicating cattle that they sold this week would be delivered before Christmas while others were indicating cattle would not be delivered until early January. Light volumes of Western Canadian fed cattle traded into the US and prices were comparable with local sales.

     

Cattle Slaughter under Federal Inspection:

Friday (est)                        122,000

Week ago (est)                  121,000

Year ago (act)                    121,000

Week to Date                    608,000

Same Period Last Week   598,000

Same Period Last year     603,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                            

Boxed Beef:

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

Cutout Values:

Choice: 216.29… +0.64

Select:  204.24… +1.68

Choice/Select Spread: 12.05

Total Load Count:  127

     

Cutter Cow Cutout:

184.23… +0.31

    

CME Feeder Cattle Index:

143.31

    

Futures…

Live Cattle:

December: 122.37… +1.95

February: 127.55… +2.45

April: 128.20… +2.00

    

Feeder Cattle:

January: 145.67… +3.12

March: 146.25… +2.80

April: 148.05… +2.48

      

February Hogs: 69.50… +0.85

January Crude Oil: 60.07… +0.89

    

March Corn: 3.8100… +0.0325

January Soybeans: 9.0750… +0.0925

March Wheat: 5.3250… +0.0225

    

Grain Cash Bids:

Kansas City Corn: 3.85… +0.04

Kansas City Soybeans: 8.88… +0.15

Kansas City Wheat: 5.25… +0.02

    

Financial Markets:

Dow Jones: 28,135.31… +3.26

S & P 500: 3,168.78… +0.21

NASDAQ: 8,734.88… +17.56

U.S. Dollar Index: 97.22… -0.08