Dec
09
2020
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Posted 84 days ago ago by Administrator Account
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Daily Market Summary for December 9th
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 Wednesday, negotiated cash trading has been mostly inactive on very light demand in the Southern Plains. Not enough purchases for a market trend. The last reported market was on Tuesday with live purchases at 108.00. For Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Nebraska a few live and dressed purchases traded at 107.00 and 168.00, respectively. In the Western Cornbelt a few live and dressed purchases traded from 104.50-105.00 and at 168.00, respectively. However, not enough purchases in either region for a full 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: 16,604
Week Ago: 27,929
Year Ago: 312
Formula Net
Dressed Steers & Heifers:
Head count priced today: 15,100
Weighted avg. weight: 882 lbs.
Weighted avg. net price: 179.95
Cattle Slaughter under Federal Inspection:
Wednesday (est) 120,000
Week ago (est) 120,000
Year ago (act) 124,000
Week to Date 354,000
Same Period Last Week 361,000
Same Periond Last Year 369,000
Previous Day (est)
Steers & Heifers: 90,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 218.26… -6.76
Select: 201.65… -3.77
Choice/Select Spread: 16.61
Total Load Count: 207
Cutter Cow Cutout:
169.47… -0.10
CME Feeder Cattle Index for December 7th:
137.34… -0.94
Futures Settlements…
Live Cattle:
December: 107.37… -0.48
February: 110.97… +0.20
April: 115.05… +0.13
Feeder Cattle:
January: 137.02… -0.55
March: 138.80… +0.30
April: 140.42… +0.37
February Hogs: 66.27… +0.67
January Crude Oil: 45.52… -0.08
March Corn: 4.2375… +0.0400
March Wheat: 5.8325… +0.1325
Grain Cash Bids:
Kansas City Corn: 4.17… +0.04
Kansas City Wheat: 5.21… +0.14
Financial Markets:
DJIA: 30,067.75… -106.13
S & P 500: 3,672.76… -29.49
NASDAQ: 12,364.64… -271.08
U.S. Dollar Index: 91.04… +0.07