Dec 30 2020

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!

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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