Dec
03
2020
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Posted 94 days ago ago by Administrator Account
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Daily Market Summary for December 3rd
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 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 2nd:
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