Dec 22 2020

Texas Daily Ag Market News Summary Posted 4 years 202 days ago by Administrator Account

Daily Market Summary for December 22^nd

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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 21^st:

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