Dec 15 2020

Texas Daily Ag Market News Summary Posted 4 years 205 days ago by Administrator Account

Daily Market Summary for December 15^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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 14^th:

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