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Dec
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Daily AG Market Summary

Posted 16 days ago ago by Administrator Account

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