Dec 03 2020

Texas Daily Ag Market News Summary Posted 4 years 224 days ago by Administrator Account

Daily Market Summary for December 3^rd

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading in Kansas has been slow on light demand with live purchases 1.00 lower compared to last week at 110.00. In Nebraska, negotiated cash trading has been slow on light demand with live and dressed purchases steady compared to Wednesday from 109-110 and 172-174 respectfully. Negotiated cash trading in the Texas Panhandle and the Western Cornbelt has been limited on light demand, not enough purchases for a full market trend. The latest reported market in the Texas Panhandle was on Wednesday with live purchases from 110.00- 112.00. In the Western Cornbelt on Wednesday, live purchases traded at 109.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:         18,447

Week Ago:                   0

Year Ago:              8,431

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,900

Weighted avg. weight:       875 lbs.

Weighted avg. net price:    178.04

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                    120,000

Week ago (est)                       1,000

Year ago (act)                     122,000

Week to Date                     481,000

Same Period Last Week    361,000

Same Period Last Week    480,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 239.19... -1.70

Select:  219.93... -3.02

Choice/Select Spread: 19.26

Total Load Count: 189

            

Cutter Cow Cutout:

168.34... +0.68

   

CME Feeder Cattle Index for December 2^nd:

139.44... -0.43

            

Futures Settlements…

Live Cattle:

December: 109.60… -1.10

February: 112.57… -1.35

April: 116.30… -0.87

   

Feeder Cattle:

January: 139.80… -2.00

March: 139.32… -1.65

April: 140.70… -1.40

     

February Hogs: 66.92… -0.95

January Crude Oil: 45.64… +0.36

   

March Corn: 4.2650… +0.0275

March Wheat: 5.8450… -0.0400

   

Grain Cash Bids:

Kansas City Corn: 4.30… +0.03

Kansas City Wheat: 5.20… -0.04

   

Financial Markets:

DJIA: 29,969.78… +85.99

S & P 500: 3,666.77… -2.24

NASDAQ: 12,377.18… +27.81

U.S. Dollar Index: 90.73… -0.39