Dec
10
2020
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Posted 87 days ago ago by Administrator Account
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Daily Market Summary for December 10th
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 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 9th:
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