Dec 21 2020

Texas Daily Ag Market News Summary Posted 3 years 126 days ago by Administrator Account

Daily Market Summary for December 21^st

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 Monday, negotiated cash trading in the 5 Area Feeding Regions has been at a standstill. Last week in the Southern Plains live purchases traded at 108.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded at mostly 105.00 and 165.00, respectively

      

Negotiated Sales:

Confirmed:               249

Week Ago:                 35

Year Ago:                 263

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,600

Weighted avg. weight:       879 lbs.

Weighted avg. net price:    172.99

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      119,000

Week ago (est)                   120,000

Year ago (act)                     117,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 210.92… +2.29

Select:  197.26… +2.99

Choice/Select Spread: 13.66

Total Load Count: 110

            

Cutter Cow Cutout:

168.63… +0.68

   

CME Feeder Cattle Index for December 18^th:

139.56… +1.08

            

Futures Settlements…

Live Cattle:

December: 110.60… +0.13

February: 114.65… -0.20

April: 118.70… +0.05

   

Feeder Cattle:

January: 140.62… +0.17

March: 143.12… +0.82

April: 144.75… +0.85

     

February Hogs: 65.92… +0.12

January Crude Oil: 47.74… -1.36

   

March Corn: 4.4000… +0.0250

March Wheat: 6.1125… +0.0300

   

Grain Cash Bids:

Kansas City Corn: 4.33… +0.02

Kansas City Wheat: 5.45… +0.06

   

Financial Markets:

DJIA: 30,216.45… +37.40

S & P 500: 3,694.92… -14.49

NASDAQ: 12,690.26… -47.92

U.S. Dollar Index: 90.15… +0.13