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Dec
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2020

Texas Daily AG Market Summary

Posted 261 days ago ago by Administrator Account

Daily Market Summary for December 29th

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, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Negotiated cash trading has been at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 110.00. In Nebraska last week live purchases traded at 110.00 and dressed purchases traded at 172.00. Last week in the Western Cornbelt live purchases traded from 106.00-110.00 and dressed purchases traded at 172.00.
       
Negotiated Sales:
Confirmed:              NA
Week Ago:               NA
Year Ago:                 NA
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  23,400
Weighted avg. weight:       873 lbs.
Weighted avg. net price:    175.54
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                       116,000
Week ago (est)                    119,000
Year ago (act)                      101,000
Week to Date                      235,000
Same Period Last Week     238,000
Same Period Last Year       220,000
Previous Day (est)
Steers & Heifers:  94,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 210.30… +2.48
Select:  195.48… -1.17
Choice/Select Spread: 14.82
Total Load Count: 144
             
Cutter Cow Cutout
171.30… +0.48
    
CME Feeder Cattle Index for December 28th
138.40… +0.11
             
Futures Settlements…
Live Cattle:
December: 112.05… -1.00
February: 114.57… -1.20
April: 118.77… -0.75
    
Feeder Cattle:
January: 139.62… -1.38
March: 141.22… -1.38
April: 142.97… -1.15
      
February Hogs: 67.20… +0.70
January Crude Oil: 48.00… +0.38
    
March Corn: 4.6600… +0.0950
March Wheat: 6.1850… +0.0425
    
Grain Cash Bids
Kansas City Corn: 4.59… +0.09
Kansas City Wheat: 5.55… +0.08
    
Financial Markets:
DJIA: 30,335.67… -68.30
S & P 500: 3,727.04… -8.32
NASDAQ: 12,850.22… -49.20
U.S. Dollar Index: 90.01… -0.33