Agriculture Market Summary
Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

Dec
31
2019

Texas Daily Market News Summary

Posted 4 years 89 days ago by Administrator Account

Daily Market Summary for December 31st  

 

The Daily Market News Report is brought to you by The Cattle Range. 


 
Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 122.00 and in Nebraska dressed trades moved mostly at 195.00. For the prior week in the Western Cornbelt live cash trades moved from 121.00-123.00 and dressed cash trades moved mostly at 195.00.
    
Negotiated Sales:
Confirmed:         113
Week Ago:        None
Year Ago:           550
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 33,600
Weighted avg weight:       882 lbs.
Weighted avg net price:   194.20
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                     100,000
Week ago (est)                    30,000
Year ago (act)                             0
Week to Date                    218,000
Same Period Last Week   143,000
Same Period Last year       77,000
Previous Day (est)
Steers & Heifers:  95,000
Cows & Bulls:        23,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady on Choice and lower on Select on light to moderate demand and heavy offerings. Select and Choice round and loin cuts steady to weak while chuck cuts steady to firm. Choice rib cuts steady while Select lower. Beef trimmings mostly moderately to sharply higher on moderate demand and heavy offerings.
Cutout Values:
Choice: 209.42… -0.24
Select:  202.12… -3.29
Choice/Select Spread: 7.30
Total Load Count:  228
     
Cutter Cow Cutout:
184.11… -1.24
    
CME Feeder Cattle Index:
141.81… +2.67
    
Futures…
Live Cattle:
December: 124.70… +0.60
February: 125.92… -0.50
April: 127.17… -0.50
    
Feeder Cattle:
January: 145.32… -0.10
March: 144.22… -0.28
April: 146.75… -0.22
      
February Hogs: 71.42… -0.38
February Crude Oil: 61.06… -0.62
    
March Corn: 3.8775… -0.0050
January Soybeans: 9.4300… +0.0350
March Wheat: 5.5875… +0.0275
    
Grain Cash Bids:
Kansas City Corn: 3.95… -0.01
Kansas City Soybeans: 9.32… +0.04
Kansas City Wheat: 5.51… +0.03
    
Financial Markets:
Dow Jones: 28,536.07… +73.93
S & P 500: 3,230.50… +9.18
NASDAQ: 8,972.60… +26.61
U.S. Dollar Index: 96.50… -0.24






Text/HTML