Dec
16
2020
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Posted 122 days ago ago by Administrator Account
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Daily Market Summary for December 16th
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 in Nebraska, negotiated cash trading has been slow to moderate with moderate demand. Compared to last week live purchases have traded 1.00-2.00 lower at 105.00 and dressed purchases have traded 3.00 lower at 165.00. So far for Wednesday in the Western Cornbelt negotiated cash trading has been limited on light demand. A few early live and dressed purchases have traded at 105.00 and 165.00, respectively. Not enough purchases for a full market trend. In the Southern Plains negotiated cash trading has been at a standstill in the Southern Plains for Wednesday. Last week in the Southern Plains live purchases traded at 108.00. 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: 17,844
Week Ago: 16,064
Year Ago: 1,479
Formula Net
Dressed Steers & Heifers:
Head count priced today: 12,600
Weighted avg. weight: 885 lbs.
Weighted avg. net price: 179.82
Cattle Slaughter under Federal Inspection:
Wednesday (est) 120,000
Week ago (est) 120,000
Year ago (act) 124,000
Week to Date 357,000
Same Period Last Week 354,000
Same Periond Last Year 367,000
Previous Day (est)
Steers & Heifers: 92,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 207.22… -1.60
Select: 192.09… -0.11
Choice/Select Spread: 15.13
Total Load Count: 143
Cutter Cow Cutout:
168.10… -0.06
CME Feeder Cattle Index for December 15th:
136.64… -0.05
Futures Settlements…
Live Cattle:
December: 108.77… +0.17
February: 113.77… +0.90
April: 117.82… +0.70
Feeder Cattle:
January: 140.85… +0.75
March: 141.97… +1.07
April: 143.25… +1.08
February Hogs: 65.97… -0.48
January Crude Oil: 47.62
March Corn: 4.2725… +0.0250
March Wheat: 5.9850… -0.0125
Grain Cash Bids:
Kansas City Corn: 4.20… +0.02
Kansas City Wheat: 5.32… -0.04
Financial Markets:
DJIA: 30,154.54... -45.89
S & P 500: 3,701.17... +6.52
NASDAQ: 12,668.16... +72.24
U.S. Dollar Index: 90.30... -0.17