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Dec
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Daily AG Market Summary

Posted 17 days ago ago by Administrator Account

Daily Market Summary for December 30th

   

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, negotiated cash trading in the Southern Plains has been limited on light demand with a few early live purchases at 111.00. In Nebraska, negotiated cash trading has been slow on light demand with a few early live and dressed purchases at 110.00 and 176.00 respectively. In Colorado negotiated cash trading has been mostly inactive on very light demand. In the Western Cornbelt negotiated cash trading has been slow on light demand with a few live purchases at 112.00. 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:             12,377
Week Ago:              34,921
Year Ago:                  None
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  13,500
Weighted avg. weight:       892 lbs.
Weighted avg. net price:    174.77
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)                 117,000
Week ago (est)                    113,000
Year ago (act)                                0
Week to Date                      352,000
Same Period Last Week     351,000
Same Period Last Year       220,000
Previous Day (est)
Steers & Heifers:  90,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 210.53… +0.23
Select:  199.86… +4.38
Choice/Select Spread: 10.67
Total Load Count: 141
             
Cutter Cow Cutout
172.43… +1.13
    
CME Feeder Cattle Index for December 29th
138.71… +0.31
             
Futures Settlements…
Live Cattle:
December: 112.12… +0.07
February: 114.45… -0.12
April: 118.60… -0.17
    
Feeder Cattle:
January: 138.52… +1.10
March: 139.75… -1.47
April: 141.65… -1.32
      
February Hogs: 67.60… +0.40
January Crude Oil: 48.40… +0.40
    
March Corn: 4.7450… +0.0850
March Wheat: 6.4075… +0.2225
    
Grain Cash Bids
Kansas City Corn: 4.68… +0.09
Kansas City Wheat: 5.71… +0.16
    
Financial Markets:
DJIA: 30,409.56… +73.89
S & P 500: 3,732.04… +5.00
NASDAQ: 12,870.00… +19.78
U.S. Dollar Index: 89.66… -0.33