Dec 09 2020

Texas Daily Ag Market News Summary Posted 4 years 215 days ago by Administrator Account

Daily Market Summary for December 9^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 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 7^th:

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