Dec 23 2019

Texas Daily Ag Market News Summary Posted 4 years 340 days ago by Administrator Account

Daily Market Summary for December 23rd

  

No Summary on Tuesday & Wednesday due to lack of market data

Merry Christmas !!!

 

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all a feeding regions. The latest established market in any feeding region was last week with live purchases at 120.00. Last week in Nebraska and the Western Cornbelt, live purchases traded from 120.00-121.00 with dressed purchases at 192.00.

    

Negotiated Sales:

Confirmed:      263

Week Ago:       835

Year Ago:           35

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 33,400

Weighted avg weight:       865 lbs.

Weighted avg net price:   190.35

    

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 just over 158.00. Prices are 3.00-4.00 higher than the previous week. On a dressed basis Alberta fed prices are trading at a 25.00-27.00 premium over the Ontario market. Looking at the non-fed market butcher cows traded 2.00-3.00 higher through commercial auction facilities last week. Butcher cow prices are now trading at their highest point since mid October.

     

Cattle Slaughter under Federal Inspection:

Monday (est)       113,000

Week ago (est)    120,000

Year ago (act)         18,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 211.57… +1.87

Select:  204.64… +3.61

Choice/Select Spread: 6.93

Total Load Count:  103

     

Cutter Cow Cutout:

185.63… -0.73

    

CME Feeder Cattle Index:

145.98… -0.28

    

Futures…

Live Cattle:

December: 122.40… +0.18

February: 125.67… -0.13

April: 126.65… -0.07

    

Feeder Cattle:

January: 143.52… -0.75

March: 143.72… -0.65

April: 145.95… -0.55

      

February Hogs: 70.25… -0.42

February Crude Oil: 60.52… +0.08

    

March Corn: 3.8875… +0.0100

January Soybeans: 9.3400… +0.0575

March Wheat: 5.3650… -0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.96… +0.03

Kansas City Soybeans: 9.22… +0.06

Kansas City Wheat: 5.32… -0.03

    

Financial Markets:

Dow Jones: 28,551.70… +96.61

S & P 500: 3,224.01… +2.79

NASDAQ: 8,945.65… +20.69

U.S. Dollar Index: 97.66… -0.03