Dec
08
2020
|
|
Posted 130 days ago ago by Administrator Account
|
|
Daily Market Summary for December 8th
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 Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains. In the Texas Panhandle, compared to last week, live purchases traded 2.00-4.00 lower at 108.00. In Kansas, compared to the prior week, live purchases traded 2.00 lower at 108.00. So far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. A few dressed purchases, in the Western Cornbelt, traded at 168.00. However, not enough purchases in either region for a market trend. Last week, in Nebraska, live purchases traded at 110.00 and dressed purchases traded from 172.00-174.00. For the previous week in the Western Cornbelt live purchases traded from 109.00-110.00 and dressed purchases traded at 172.00.
Negotiated Sales:
Confirmed: 14,168
Week Ago: 2,084
Year Ago: 1,390
Formula Net
Dressed Steers & Heifers:
Head count priced today: 10,600
Weighted avg. weight: 871 lbs.
Weighted avg. net price: 177.33
Cattle Slaughter under Federal Inspection:
Tuesday (est) 115,000
Week ago (est) 122,000
Year ago (act) 124,000
Week to Date 234,000
Same Period Last Week 241,000
Same Periond Last Year 245,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 225.02… -5.78
Select: 205.42… -4.06
Choice/Select Spread: 19.60
Total Load Count: 228
Cutter Cow Cutout:
169.57… -0.77
CME Feeder Cattle Index for December 4th:
138.28… -0.90
Futures Settlements…
Live Cattle:
December: 107.85… -0.15
February: 110.77… -0.25
April: 114.92… -0.23
Feeder Cattle:
January: 137.57… -0.23
March: 138.50… +0.35
April: 140.05… +0.60
February Hogs: 65.60… +0.65
January Crude Oil: 45.60… -0.16
March Corn: 4.1975… -0.0425
March Wheat: 5.7000… -0.0750
Grain Cash Bids:
Kansas City Corn: 4.13… -0.04
Kansas City Wheat: 5.07… -0.09
Financial Markets:
DJIA: 30,173.88… +104.35
S & P 500: 3,702.25… +10.28
NASDAQ: 12,635.72… +39.25
U.S. Dollar Index: 90.95… +0.16