Dec 10 2020

Texas Daily Ag Market News Summary Posted 3 years 128 days ago by Administrator Account

Daily Market Summary for December 10^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in Nebraska and Western Cornbelt. In Nebraska a few live and dressed purchases traded at 107.00 and 168.00, respectively. 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. In the Western Cornbelt Wednesday was the last reported market with live purchases from 104.00-105.00 and dressed purchases at 168.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market was on Tuesday with live purchases at 108.00.

      

Negotiated Sales:

Confirmed:             6,871

Week Ago:            18,447

Year Ago:              16,517

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,200

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    178.06

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                    120,000

Week ago (est)                   120,000

Year ago (act)                     122,000

Week to Date                      474,000

Same Period Last Week    481,000

Same Periond Last Year    491,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 214.59… -3.67

Select:  198.47… -3.18

Choice/Select Spread: 16.12

Total Load Count: 185

            

Cutter Cow Cutout:

168.79… -0.68

   

CME Feeder Cattle Index for December 9^th:

137.11… -0.09

            

Futures Settlements…

Live Cattle:

December: 107.92… +0.55

February: 111.85… +0.88

April: 115.97… +0.92

   

Feeder Cattle:

January: 137.60… +0.58

March: 139.25… +0.45

April: 140.72… +0.30

     

February Hogs: 65.10… -1.17

January Crude Oil: 46.78… +1.26

   

March Corn: 4.2125… -0.0250

March Wheat: 5.9650… +0.1325

   

Grain Cash Bids:

Kansas City Corn: 4.14… -0.03

Kansas City Wheat: 5.29… +0.13

   

Financial Markets:

DJIA: 29,999.26… -68.49

S & P 500: 3,668.08… -4.68

NASDAQ: 12,401.74… +37.10

U.S. Dollar Index: 90.77… -0.32