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Dec
31
2020
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Posted 103 days ago ago by Administrator Account
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Daily Market Summary for December 31st
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 Thursday, negotiated cash trading in the Southern Plains has been light on light to moderate demand with live purchases 2.00 higher than last week at 112.00. In Nebraska, negotiated cash trading has been light on light to moderate demand with live purchases steady to 2.00 higher compared to last week from 110.00-112.00, mostly 112.00, and dressed purchases 3.00-4.00 higher compared to last week from 175.00-176.00. In Colorado negotiated cash trading has been limited on light demand with a few live purchases at 112.00, however not enough purchases for a full market trend. The latest reported market in Colorado was on Wednesday with live purchases at 111.00. In the Western Cornbelt negotiated cash trading has been limited on light demand, not enough purchases for a full market trend. The latest reported market in the Western Cornbelt was on Wednesday with live purchases from 110.00-112.00 and dressed purchases from 175.00-176.00.
Negotiated Sales:
Confirmed: 34,836
Week Ago: None
Year Ago: 3,118
Formula Net
Dressed Steers & Heifers:
Head count priced today: 17,800
Weighted avg. weight: 868 lbs.
Weighted avg. net price: 178.99
Cattle Slaughter under Federal Inspection:
Thursday (est) 99,000
Week ago (est) 67,000
Year ago (act) 124,000
Week to Date 451,000
Same Period Last Week 418,000
Same Period Last Year 340,000
Previous Day (est)
Steers & Heifers: 91,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 209.95… -0.58
Select: 195.65… -4.21
Choice/Select Spread: 14.30
Total Load Count: 144
Cutter Cow Cutout:
173.48… +1.05
CME Feeder Cattle Index for December 30th:
138.77… +0.06
Futures Settlements…
Live Cattle:
December: 112.95… +0.83
February: 115.02… +0.57
April: 119.25… +0.65
Feeder Cattle:
January: 138.95… +0.43
March: 140.22… +0.47
April: 141.77… +0.12
February Hogs: 70.27… +2.67
January Crude Oil: 48.52… +0.12
March Corn: 4.8400… +0.0950
March Wheat: 6.4050… -0.0025
Grain Cash Bids:
Kansas City Corn: 4.77… +0.09
Kansas City Wheat: 5.74… +0.03
Financial Markets:
DJIA: 30,606.48… +196.92
S & P 500: 3,756.07… +24.03
NASDAQ: 12,888.28… +18.28
U.S. Dollar Index: 89.94… +0.26