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Dec
15
2020
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Posted 79 days ago ago by Administrator Account
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Daily Market Summary for December 15th
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 at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been very limited on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 108.00. For the prior week in Nebraska live and dressed purchases traded from 106.00-107.00 and mostly at 168.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 104.00-105.00 and mostly at 168.00.
Negotiated Sales:
Confirmed: 2,119
Week Ago: 14,168
Year Ago: 38
Formula Net
Dressed Steers & Heifers:
Head count priced today: 10,300
Weighted avg. weight: 895 lbs.
Weighted avg. net price: 176.76
Cattle Slaughter under Federal Inspection:
Tuesday (est) 118,000
Week ago (est) 117,000
Year ago (act) 123,000
Week to Date 592,000
Same Period Last Week 598,000
Same Periond Last Year 614,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 208.82… -0.87
Select: 192.20… -0.10
Choice/Select Spread: 16.62
Total Load Count: 174
Cutter Cow Cutout:
168.16… -2.69
CME Feeder Cattle Index for December 14th:
136.69… +0.12
Futures Settlements…
Live Cattle:
December: 108.60… -0.50
February: 112.87… -0.23
April: 117.12… -0.25
Feeder Cattle:
January: 140.10… +0.08
March: 140.90… +0.30
April: 142.17… +0.32
February Hogs: 66.45… +0.78
January Crude Oil: 47.62… +0.63
March Corn: 4.2475… +0.0075
March Wheat: 5.9975… +0.0325
Grain Cash Bids:
Kansas City Corn: 4.18… +0.01
Kansas City Wheat: 5.31… +0.04
Financial Markets:
DJIA: 30,200.43… +339.93
S & P 500: 3,694.65… +47.24
NASDAQ: 12,595.92… +133.71
U.S. Dollar Index: 90.46… -0.25