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Dec
23
2019

Texas Daily Ag Market News Summary

Posted 4 years 96 days ago by Administrator Account

Daily Market Summary for December 23rd

  
No Summary on Tuesday & Wednesday due to lack of market data

Merry Christmas !!!

The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/
for more information!
 
Slaughter Cattle:
As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all a feeding regions. The latest established market in any feeding region was last week with live purchases at 120.00. Last week in Nebraska and the Western Cornbelt, live purchases traded from 120.00-121.00 with dressed purchases at 192.00.
    
Negotiated Sales:
Confirmed:      263
Week Ago:       835
Year Ago:           35
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 33,400
Weighted avg weight:       865 lbs.
Weighted avg net price:   190.35
    
Alberta Beef Producers Daily Report: Alberta CA
Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing just over 158.00. Prices are 3.00-4.00 higher than the previous week. On a dressed basis Alberta fed prices are trading at a 25.00-27.00 premium over the Ontario market. Looking at the non-fed market butcher cows traded 2.00-3.00 higher through commercial auction facilities last week. Butcher cow prices are now trading at their highest point since mid October.
     
Cattle Slaughter under Federal Inspection:
Monday (est)       113,000
Week ago (est)    120,000
Year ago (act)         18,000
Previous Day (est)
Steers & Heifers:  93,000
Cows & Bulls:        23,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values higher to sharply highly on light to moderate demand and light offerings.  Select and Choice rib, chuck, round and loin cuts firm to higher.  Beef trimmings lower on light demand and moderate offerings.
Cutout Values:
Choice: 211.57… +1.87
Select:  204.64… +3.61
Choice/Select Spread: 6.93
Total Load Count:  103
     
Cutter Cow Cutout:
185.63… -0.73
    
CME Feeder Cattle Index:
145.98… -0.28
    
Futures…
Live Cattle:
December: 122.40… +0.18
February: 125.67… -0.13
April: 126.65… -0.07
    
Feeder Cattle:
January: 143.52… -0.75
March: 143.72… -0.65
April: 145.95… -0.55
      
February Hogs: 70.25… -0.42
February Crude Oil: 60.52… +0.08
    
March Corn: 3.8875… +0.0100
January Soybeans: 9.3400… +0.0575
March Wheat: 5.3650… -0.0275
    
Grain Cash Bids:
Kansas City Corn: 3.96… +0.03
Kansas City Soybeans: 9.22… +0.06
Kansas City Wheat: 5.32… -0.03
    
Financial Markets:
Dow Jones: 28,551.70… +96.61
S & P 500: 3,224.01… +2.79
NASDAQ: 8,945.65… +20.69
U.S. Dollar Index: 97.66… -0.03






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