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Dec
22
2020
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Posted 72 days ago ago by Administrator Account
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Daily Market Summary for December 22nd
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, in the Western Cornbelt negotiated cash trading has been limited on very light demand. A few live purchases traded from 103.00-106.25. In Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in these regions for a full market trend. Last week in these regions live and dressed purchases traded at 105.00 and 165.00, respectively. So far for Tuesday in the Southern Plains negotiated cash trading has been at a standstill. Last week live purchases traded at 108.00.
Negotiated Sales:
Confirmed: 3,329
Week Ago: 2,119
Year Ago: None
Formula Net
Dressed Steers & Heifers:
Head count priced today: 11,200
Weighted avg. weight: 890 lbs.
Weighted avg. net price: 174.72
Cattle Slaughter under Federal Inspection:
Tuesday (est) 119,000
Week ago (est) 117,000
Year ago (act) 38,000
Week to Date 238,000
Same Period Last Week 237,000
Same Period Last Year 155,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 210.67… -0.25
Select: 199.59… +2.33
Choice/Select Spread: 11.08
Total Load Count: 145
Cutter Cow Cutout:
169.29… +0.66
CME Feeder Cattle Index for December 21st:
139.74… +0.18
Futures Settlements…
Live Cattle:
December: 110.32… -0.28
February: 113.45… -1.20
April: 117.65… -1.05
Feeder Cattle:
January: 139.90… -0.72
March: 141.87… -1.25
April: 143.57… -1.18
February Hogs: 66.02… +0.10
January Crude Oil: 47.02… -0.72
March Corn: 4.4375… +0.0375
March Wheat: 6.1700… +0.0575
Grain Cash Bids:
Kansas City Corn: 4.37… +0.04
Kansas City Wheat: 5.49… +0.04
Financial Markets:
DJIA: 30,015.51… -200.94
S & P 500: 3,687.26… -7.66
NASDAQ: 12,717.56… +27.30
U.S. Dollar Index: 90.67… +0.63