Dec 07 2020

Texas Daily Ag Market News Summary Posted 3 years 357 days ago by Administrator Account

Daily Market Summary for December 7^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 110.00-112.00. For the prior week in Kansas and Nebraska live purchases traded at 110.00 and dressed purchases, in Nebraska, traded at 172.00. For the previous week in the Western Cornbelt live purchases traded from 109.00-110.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:           222

Week Ago:            450

Year Ago:              281

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,400

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    177.59

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      119,000

Week ago (est)                   119,000

Year ago (act)                     121,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 230.80… -4.22

Select:  209.48… -8.03

Choice/Select Spread: 21.32

Total Load Count: 161

            

Cutter Cow Cutout:

170.34… +1.23

   

CME Feeder Cattle Index for December 3^rd:

139.18… -0.26

            

Futures Settlements…

Live Cattle:

December: 108.00… -0.87

February: 111.02… -1.38

April: 115.15… -1.02

   

Feeder Cattle:

January: 137.80… -1.97

March: 138.15… -1.27

April: 139.45… -1.32

     

February Hogs: 64.50… -2.07

January Crude Oil: 45.76… -0.50

   

March Corn: 4.2400… -0.0350

March Wheat: 5.7750… +0.0200

   

Grain Cash Bids:

Kansas City Corn: 4.09… +0.03

Kansas City Wheat: 5.11… +0.03

   

Financial Markets:

DJIA: 30,069.53… -148.73

S & P 500: 3,691.97… -7.15

NASDAQ: 12,596.47… +67.99

U.S. Dollar Index: 90.85… +0.15