Dec 04 2020

Texas Daily Ag Market News Summary Posted 3 years 137 days ago by Administrator Account

Daily Market Summary for December 4^th

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 Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. The last reported market in Texas was on Wednesday with live purchases from 110.00-112.00. In Kansas, the last reported market was on Thursday with live purchases at 110.00. In Nebraska on Wednesday, live and dressed purchases traded from 109.00-110.00 and 172.00-174.00 respectfully. In the Western Cornbelt on Wednesday live and dressed purchases traded at 109.00 and 172.00 respectfully.

      

Negotiated Sales:

Confirmed:           2,257

Week Ago:            7,420

Year Ago:            25,154

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,400

Weighted avg. weight:       880 lbs.

Weighted avg. net price:    178.56

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          117,000

Week ago (est)                   115,000

Year ago (act)                     122,000

Week to Date                     598,000

Same Period Last Week    476,000

Same Period Last Week    602,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 235.02… -4.17

Select:  217.51… -2.42

Choice/Select Spread: 17.51

Total Load Count: 132

            

Cutter Cow Cutout:

169.11… +0.77

   

CME Feeder Cattle Index for December 2^nd:

139.44… -0.43

            

Futures Settlements…

Live Cattle:

December: 108.87… -0.73

February: 112.40… -0.17

April: 116.17… -0.13

   

Feeder Cattle:

January: 139.77… -0.03

March: 139.42… +0.10

April: 140.77… +0.07

     

February Hogs: 66.57… -0.35

January Crude Oil: 46.26… +0.62

   

March Corn: 4.2050… -0.0600

March Wheat: 5.7550… -0.0900

   

Grain Cash Bids:

Kansas City Corn: 4.14… -0.06

Kansas City Wheat: 5.13… -0.07

   

Financial Markets:

DJIA: 30218.26… +248.48

S & P 500: 3,699.12… +32.35

NASDAQ: 12,464.23… +87.05

U.S. Dollar Index: 90.81… +0.10