Dec 08 2020

Texas Daily Ag Market News Summary Posted 3 years 132 days ago by Administrator Account

Daily Market Summary for December 8^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains. In the Texas Panhandle, compared to last week, live purchases traded 2.00-4.00 lower at 108.00. In Kansas, compared to the prior week, live purchases traded 2.00 lower at 108.00. So far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. A few dressed purchases, in the Western Cornbelt, traded at 168.00. However, not enough purchases in either region for a market trend. Last week, in Nebraska, live purchases traded at 110.00 and dressed purchases traded from 172.00-174.00. For the previous week in the Western Cornbelt live purchases traded from 109.00-110.00 and dressed purchases traded at 172.00.

      

Negotiated Sales:

Confirmed:           14,168

Week Ago:              2,084

Year Ago:                1,390

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  10,600

Weighted avg. weight:       871 lbs.

Weighted avg. net price:    177.33

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      115,000

Week ago (est)                   122,000

Year ago (act)                     124,000

Week to Date                      234,000

Same Period Last Week     241,000

Same Periond Last Year    245,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 225.02… -5.78

Select:  205.42… -4.06

Choice/Select Spread: 19.60

Total Load Count: 228

            

Cutter Cow Cutout:

169.57… -0.77

   

CME Feeder Cattle Index for December 4^th:

138.28… -0.90

            

Futures Settlements…

Live Cattle:

December: 107.85… -0.15

February: 110.77… -0.25

April: 114.92… -0.23

   

Feeder Cattle:

January: 137.57… -0.23

March: 138.50… +0.35

April: 140.05… +0.60

     

February Hogs: 65.60… +0.65

January Crude Oil: 45.60… -0.16

   

March Corn: 4.1975… -0.0425

March Wheat: 5.7000… -0.0750

   

Grain Cash Bids:

Kansas City Corn: 4.13… -0.04

Kansas City Wheat: 5.07… -0.09

   

Financial Markets:

DJIA: 30,173.88… +104.35

S & P 500: 3,702.25… +10.28

NASDAQ: 12,635.72… +39.25

U.S. Dollar Index: 90.95… +0.16