Dec 16 2020

Texas Daily Ag Market News Summary Posted 3 years 348 days ago by Administrator Account

Daily Market Summary for December 16^th

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

---

Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading has been slow to moderate with moderate demand. Compared to last week live purchases have traded 1.00-2.00 lower at 105.00 and dressed purchases have traded 3.00 lower at 165.00. So far for Wednesday in the Western Cornbelt negotiated cash trading has been limited on light demand. A few early live and dressed purchases have traded at 105.00 and 165.00, respectively. Not enough purchases for a full market trend. In the Southern Plains negotiated cash trading has been at a standstill in the Southern Plains for Wednesday. Last week in the Southern Plains live purchases traded at 108.00. 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:          17,844

Week Ago:           16,064

Year Ago:              1,479

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,600

Weighted avg. weight:       885 lbs.

Weighted avg. net price:    179.82

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                120,000

Week ago (est)                   120,000

Year ago (act)                     124,000

Week to Date                      357,000

Same Period Last Week    354,000

Same Periond Last Year    367,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 207.22… -1.60

Select:  192.09… -0.11

Choice/Select Spread: 15.13

Total Load Count: 143

            

Cutter Cow Cutout:

168.10… -0.06

   

CME Feeder Cattle Index for December 15^th:

136.64… -0.05

            

Futures Settlements…

Live Cattle:

December: 108.77… +0.17

February: 113.77… +0.90

April: 117.82… +0.70

   

Feeder Cattle:

January: 140.85… +0.75

March: 141.97… +1.07

April: 143.25… +1.08

     

February Hogs: 65.97… -0.48

January Crude Oil: 47.62

   

March Corn: 4.2725… +0.0250

March Wheat: 5.9850… -0.0125

   

Grain Cash Bids:

Kansas City Corn: 4.20… +0.02

Kansas City Wheat: 5.32… -0.04

   

Financial Markets:

DJIA: 30,154.54... -45.89

S & P 500: 3,701.17... +6.52

NASDAQ: 12,668.16... +72.24

U.S. Dollar Index: 90.30... -0.17