Dec 31 2020

Daily AG Market Summary Posted 4 years 194 days 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!

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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