Dec 02 2020

Texas Daily Ag Market News Summary Posted 4 years 212 days ago by Administrator Account

Daily Market Summary for December 2^nd

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading in Texas has been moderate on light to moderate demand with live purchases unevenly steady compared to last week from 110.00-112.00. In Kansas negotiated cash trading has been limited on light demand with a few early live purchases at 110.00, however not enough for a full market trend. Last week in Kansas live purchases traded at 111.00. In Nebraska, negotiated cash trading and demand has been light to moderate with live purchases steady to 1.00 lower than last week at 110.00 and a few early dressed purchases from 172.00-174.00, however not enough dressed purchases for a full market trend. Last week in Nebraska, dressed purchases traded from 172.00-174.00. In the Western Cornbelt negotiated cash trading was light on moderate demand with a few live purchases at 110.00, however not enough for a full market trend, and a few early dressed purchases steady to 2.00 lower compared to last week at 172.00. The last reported live market in the Western Cornbelt was Tuesday from 109.00-110.00.

      

Negotiated Sales:

Confirmed:         27,929

Week Ago:          33,012

Year Ago:              2,725

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  11,100

Weighted avg. weight:       895 lbs.

Weighted avg. net price:    176.93

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                120,000

Week ago (est)                   118,000

Year ago (act)                     117,000

Week to Date                     361,000

Same Period Last Week    360,000

Same Period Last Week    358,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 240.89… -2.51

Select:  222.95… -0.13

Choice/Select Spread: 17.94

Total Load Count: 123

            

Cutter Cow Cutout:

167.66… -0.81

   

CME Feeder Cattle Index for December 1^st:

139.87… -0.43

            

Futures Settlements…

Live Cattle:

December: 110.70… +0.08

February: 113.92… +0.75

April: 117.17… +0.35

   

Feeder Cattle:

January: 141.80… +0.15

March: 140.97… +0.32

April: 142.10… +0.23

     

February Hogs: 67.87… -0.88

January Crude Oil: 45.28… +0.73

   

March Corn: 4.2375… +0.0300

March Wheat: 5.8850… +0.1125

   

Grain Cash Bids:

Kansas City Corn: 4.17… +0.03

Kansas City Wheat: 5.24… +0.15

   

Financial Markets:

DJIA: 29,883.79… -59.87

S & P 500: 3,669.01… +6.56

NASDAQ: 12,349.37… -5.74

U.S. Dollar Index: 91.09… -0.22