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Dec
29
2020
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Posted 2 years 268 days ago ago by Administrator Account
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Daily Market Summary for December 29th
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 Tuesday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Negotiated cash trading has been at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 110.00. In Nebraska last week live purchases traded at 110.00 and dressed purchases traded at 172.00. Last week in the Western Cornbelt live purchases traded from 106.00-110.00 and dressed purchases traded at 172.00.
Negotiated Sales:
Confirmed: NA
Week Ago: NA
Year Ago: NA
Formula Net
Dressed Steers & Heifers:
Head count priced today: 23,400
Weighted avg. weight: 873 lbs.
Weighted avg. net price: 175.54
Cattle Slaughter under Federal Inspection:
Tuesday (est) 116,000
Week ago (est) 119,000
Year ago (act) 101,000
Week to Date 235,000
Same Period Last Week 238,000
Same Period Last Year 220,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 210.30… +2.48
Select: 195.48… -1.17
Choice/Select Spread: 14.82
Total Load Count: 144
Cutter Cow Cutout:
171.30… +0.48
CME Feeder Cattle Index for December 28th:
138.40… +0.11
Futures Settlements…
Live Cattle:
December: 112.05… -1.00
February: 114.57… -1.20
April: 118.77… -0.75
Feeder Cattle:
January: 139.62… -1.38
March: 141.22… -1.38
April: 142.97… -1.15
February Hogs: 67.20… +0.70
January Crude Oil: 48.00… +0.38
March Corn: 4.6600… +0.0950
March Wheat: 6.1850… +0.0425
Grain Cash Bids:
Kansas City Corn: 4.59… +0.09
Kansas City Wheat: 5.55… +0.08
Financial Markets:
DJIA: 30,335.67… -68.30
S & P 500: 3,727.04… -8.32
NASDAQ: 12,850.22… -49.20
U.S. Dollar Index: 90.01… -0.33