Dec 20 2019

Texas Daily Ag Market News Summary Posted 4 years 343 days ago by Administrator Account

Daily Market Summary for December 20th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in Nebraska and the Western Cornbelt has been inactive on light demand. In Kansas negotiated cash trading has been at a standstill. Not enough trades in any of these regions for a market trend. The last fully reported market was on Thursday. In Kansas live cash trades moved at 120.00. In Nebraska and the Western Cornbelt live cash trades moved from 120.00-121.00 and dressed cash trades moved at 192.00.

   

Negotiated Sales:

Confirmed:      4,711

Week Ago:    19,588

Year Ago:       18,491

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 27,100

Weighted avg weight:       877 lbs.

Weighted avg net price:   189.87

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop and a stronger price tone was noted from Wednesday to Thursday. On Thursday, dressed sales ranged from 267.00-268.00 delivered and live sales were reported just over 160.00. Dressed sales are 7.00 higher than the previous week while live sales are 5.00-6.00 higher than last week's weighted average price.  Packers were still looking for some holiday inventory. Using a USD$120.50 Nebraska price, Alberta fed prices are trading par to a slight premium over the Nebraska market this week.

    

Cattle Slaughter under Federal Inspection:

Friday (est)                        116,000

Week ago (est)                  122,000

Year ago (act)                    122,000

Week to Date                    602,000

Same Period Last Week   608,000

Same Period Last year     584,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

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

 

Cutout Values:

Choice: 209.70… +0.71

Select:  201.03… +0.04

Choice/Select Spread: 8.67

Total Load Count:  117

    

Cutter Cow Cutout:

186.36… +1.34

   

CME Feeder Cattle Index:

146.26… +0.51

   

Futures…

Live Cattle:

December: 122.22… +0.10

February: 125.80… +0.18

April: 126.72… -0.03

   

Feeder Cattle:

January: 144.27… -0.45

March: 144.37… -0.45

April: 146.50… -0.50

     

February Hogs: 70.67… -0.30

February Crude Oil: 60.44… -0.74

   

March Corn: 3.8775… +0.0125

January Soybeans: 9.2825… +0.0375

March Wheat: 5.4225… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 3.93… +0.01

Kansas City Soybeans: 9.16… +0.04

Kansas City Wheat: 5.35… -0.03

   

Financial Markets:

Dow Jones: 28,454.48… +77.52

S & P 500: 3,221.18… +15.81

NASDAQ: 8,924.96… +37.74

U.S. Dollar Index: 97.69… +0.31