Dec 31 2019

Texas Daily Market News Summary Posted 4 years 333 days ago by Administrator Account

Daily Market Summary for December 31st  

 

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 122.00 and in Nebraska dressed trades moved mostly at 195.00. For the prior week in the Western Cornbelt live cash trades moved from 121.00-123.00 and dressed cash trades moved mostly at 195.00.

    

Negotiated Sales:

Confirmed:         113

Week Ago:        None

Year Ago:           550

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 33,600

Weighted avg weight:       882 lbs.

Weighted avg net price:   194.20

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     100,000

Week ago (est)                    30,000

Year ago (act)                             0

Week to Date                    218,000

Same Period Last Week   143,000

Same Period Last year       77,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 209.42… -0.24

Select:  202.12… -3.29

Choice/Select Spread: 7.30

Total Load Count:  228

     

Cutter Cow Cutout:

184.11… -1.24

    

CME Feeder Cattle Index:

141.81… +2.67

    

Futures…

Live Cattle:

December: 124.70… +0.60

February: 125.92… -0.50

April: 127.17… -0.50

    

Feeder Cattle:

January: 145.32… -0.10

March: 144.22… -0.28

April: 146.75… -0.22

      

February Hogs: 71.42… -0.38

February Crude Oil: 61.06… -0.62

    

March Corn: 3.8775… -0.0050

January Soybeans: 9.4300… +0.0350

March Wheat: 5.5875… +0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.95… -0.01

Kansas City Soybeans: 9.32… +0.04

Kansas City Wheat: 5.51… +0.03

    

Financial Markets:

Dow Jones: 28,536.07… +73.93

S & P 500: 3,230.50… +9.18

NASDAQ: 8,972.60… +26.61

U.S. Dollar Index: 96.50… -0.24