Dec 16 2019

Texas Daily Ag Market Summary Posted 4 years 347 days ago by Administrator Account

Daily Market Summary for December 16th 

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. A few early live purchases were reported in the Western Cornbelt at 120.00, however not enough purchases 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 119.00-120.50 with dressed purchases at 190.00. Last week in the Western Cornbelt, live purchases traded from 119.00-120.00 with dressed purchases from 188.00-190.00.

    

Negotiated Sales:

Confirmed:   835

Week Ago:    281

Year Ago:      217

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 36,000

Weighted avg weight:       885 lbs.

Weighted avg net price:   190.48

    

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at just over 154.00. Prices are 1.00 higher than the previous week. Both local and US buying interest was supportive last week. Looking at the non-fed market butcher cows traded 1.00-3.00 lower through commercial auction facilities last week. Western Canadian cow slaughter for the week ending December 7th totaled 10,100 head. This is the fourth consecutive week that cow slaughter volumes have been over 10,000 head.

     

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                  121,000

Year ago (act)                    110,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                            

Boxed Beef:

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

Cutout Values:

Choice: 217.08… +0.79

Select:  205.51… +1.27

Choice/Select Spread: 11.57

Total Load Count:  87

     

Cutter Cow Cutout:

184.61… +1.37

    

CME Feeder Cattle Index:

144.61… +1.21

    

Futures…

Live Cattle:

December: 122.30… -0.07

February: 127.25… -0.30

April: 127.92… -0.28

    

Feeder Cattle:

January: 145.25… -0.42

March: 145.60… -0.65

April: 147.45… -0.60

      

February Hogs: 70.50… +1.00

January Crude Oil: 60.21… +0.14

    

March Corn: 3.8800… +0.0700

January Soybeans: 9.2200… +0.1450

March Wheat: 5.4975… +0.1725

    

Grain Cash Bids:

Kansas City Corn: 3.92… +0.07

Kansas City Soybeans: 9.02… +0.14

Kansas City Wheat: 5.42… +0.17

    

Financial Markets:

Dow Jones: 28,235.82… +100.44

S & P 500: 3,191.45… +22.67

NASDAQ: 8,814.23… +79.35

U.S. Dollar Index: 97.04… -0.13