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Dec
18
2020
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Posted 76 days ago ago by Administrator Account
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Daily Market Summary for December 18th
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 Friday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on very light demand. In Nebraska a few live purchases traded at 107.00. However, not enough for a market trend. Wednesday was the last reported market in these regions with live and dressed purchases at 105.00 and 165.00, respectively. Thus far for Friday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market was on Thursday with live purchases at 108.00.
Negotiated Sales:
Confirmed: 4,525
Week Ago: 1,290
Year Ago: 4,700
Formula Net
Dressed Steers & Heifers:
Head count priced today: 14,400
Weighted avg. weight: 884 lbs.
Weighted avg. net price: 172.91
Cattle Slaughter under Federal Inspection:
Friday (est) 117,000
Week ago (est) 118,000
Year ago (act) 116,000
Week to Date 590,000
Same Period Last Week 592,000
Same Period Last Year 605,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 23,000
Boxed Beef:
Cutout Values:
Choice: 208.63… -0.88
Select: 194.27… +0.57
Choice/Select Spread: 14.36
Total Load Count: 115
Cutter Cow Cutout:
167.95… +0.43
CME Feeder Cattle Index for December 17th:
138.48… +1.29
Futures Settlements…
Live Cattle:
December: 110.47… +1.12
February: 114.85… +0.40
April: 118.65… +0.23
Feeder Cattle:
January: 140.45… -0.52
March: 142.30… -0.30
April: 143.90… -0.10
February Hogs: 65.80… +0.30
January Crude Oil: 49.10… +0.74
March Corn: 4.3750… +0.0500
March Wheat: 6.0825… -0.0050
Grain Cash Bids:
Kansas City Corn: 4.23… +0.05
Kansas City Wheat: 5.34… -0.01
Financial Markets:
DJIA: 30,179.05… -122.74
S & P 500: 3,709.41… -13.06
NASDAQ: 12,738.18… -13.88
U.S. Dollar Index: 89.99… +0.17