Dec 27 2019

Texas Daily Ag Market News Summary Posted 4 years 123 days ago by Administrator Account

Daily Market Summary for December 27th  

  

The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information! 

 

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trade and demand was moderate in Nebraska and the Western Cornbelt. Compared to last week in Nebraska, dressed purchases traded mostly 3.00 higher at 195.00, with a few up to 196.00. A few live purchases have traded from 120.00-122.00, however not enough for an adequate market test. Last week in Nebraska, live purchases traded from 120.00-121.00. In the Western Cornbelt early purchases have ranged from 122.00-123.00 and from 195.00-196.00, however not enough for an adequate market test. Last week in the Western Cornbelt, live purchases traded from 120.00-121.00 with dressed purchases at 192.00. Trade was mostly inactive on light demand in Kansas. The latest established market in Kansas was last week with live purchases at 120.00.

    

Negotiated Sales:

Confirmed:   25,781

Week Ago:      4,711

Year Ago:        5,106

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 23,700

Weighted avg weight:       903 lbs.

Weighted avg net price:   192.05

    

Alberta Beef Producers Daily Report: Alberta CA

Report Unavailable

     

Cattle Slaughter under Federal Inspection:

Friday (est)                         122,000

Week ago (est)                  116,000

Year ago (act)                     116,000

Week to Date                     385,000

Same Period Last Week    602,000

Same Period Last year      351,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values weak to lower on light demand and moderate offerings. Select and Choice rib, round, and loin cuts steady while chuck cuts lower. Beef trimmings sharply higher on moderate to good demand and light offerings.

Cutout Values:

Choice: 208.96… -1.19

Select:  204.57… -0.68

Choice/Select Spread: 4.39

Total Load Count:  113

     

Cutter Cow Cutout:

184.86… +0.68

    

CME Feeder Cattle Index:

144.61… -1.20

    

Futures…

Live Cattle:

December: 123.50… +0.23

February: 126.70… -0.10

April: 127.77… +0.12

    

Feeder Cattle:

January: 145.55… +0.10

March: 144.80… -0.37

April: 147.30… -0.22

      

February Hogs: 70.57… -0.33

February Crude Oil: 61.72… +0.04

    

March Corn: 3.9000… +0.0150

January Soybeans: 9.2950… -0.0825

March Wheat: 5.5625… +0.0725

    

Grain Cash Bids:

Kansas City Corn: 3.98… +0.02

Kansas City Soybeans: 9.17… -0.08

Kansas City Wheat: 5.49… +0.07

    

Financial Markets:

Dow Jones: 28,645.06… +23.67

S & P 500: 3,239.99… +0.08

NASDAQ: 9,006.62… -15.77

U.S. Dollar Index: 97.01… -0.52