Dec 14 2020

Texas Daily Ag Market News Summary Posted 3 years 349 days ago by Administrator Account

Daily Market Summary for December 14^th

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 Monday, negotiated cash trading in the 5 Area Feeding region has been at a standstill. Last week in the Southern Plains live purchases traded at 108.00. For the prior week in Nebraska live and dressed purchases traded from 106.00-107.00 and mostly at 168.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 104.00-105.00 and mostly at 168.00.

      

Negotiated Sales:

Confirmed:             35

Week Ago:            222

Year Ago:              835

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,700

Weighted avg. weight:       882 lbs.

Weighted avg. net price:    176.92

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      120,000

Week ago (est)                   119,000

Year ago (act)                     120,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.69… -4.19

Select:  192.30… -3.41

Choice/Select Spread: 17.39

Total Load Count: 177

            

Cutter Cow Cutout:

170.85… +3.59

   

CME Feeder Cattle Index for December 11^th:

136.57… -0.09

            

Futures Settlements…

Live Cattle:

December: 109.10… +0.35

February: 113.10… -0.15

April: 117.37… Unchanged

   

Feeder Cattle:

January: 140.02… +0.30

March: 140.60… +0.05

April: 141.85… -0.05

     

February Hogs: 65.67… +2.45

January Crude Oil: 46.91… +0.34

   

March Corn: 4.2400… +0.0050

March Wheat: 5.9650… -0.1800

   

Grain Cash Bids:

Kansas City Corn: 4.17… Unchanged

Kansas City Wheat: 5.32… -0.19

   

Financial Markets:

DJIA: 28,860.50… -185.87

S & P 500: 3,647.41… -16.05

NASDAQ: 12,462.21… +86.80

U.S. Dollar Index: 90.73… -0.25