Dec 29 2020

Texas Daily AG Market Summary Posted 3 years 111 days ago by Administrator Account

Daily Market Summary for December 29th

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 Tuesday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Negotiated cash trading has been at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 110.00. In Nebraska last week live purchases traded at 110.00 and dressed purchases traded at 172.00. Last week in the Western Cornbelt live purchases traded from 106.00-110.00 and dressed purchases traded at 172.00.

       

Negotiated Sales:

Confirmed:              NA

Week Ago:               NA

Year Ago:                 NA

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,400

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    175.54

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       116,000

Week ago (est)                    119,000

Year ago (act)                      101,000

Week to Date                      235,000

Same Period Last Week     238,000

Same Period Last Year       220,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 210.30… +2.48

Select:  195.48… -1.17

Choice/Select Spread: 14.82

Total Load Count: 144

             

Cutter Cow Cutout: 

171.30… +0.48

    

CME Feeder Cattle Index for December 28th: 

138.40… +0.11

             

Futures Settlements…

Live Cattle:

December: 112.05… -1.00

February: 114.57… -1.20

April: 118.77… -0.75

    

Feeder Cattle:

January: 139.62… -1.38

March: 141.22… -1.38

April: 142.97… -1.15

      

February Hogs: 67.20… +0.70

January Crude Oil: 48.00… +0.38

    

March Corn: 4.6600… +0.0950

March Wheat: 6.1850… +0.0425

    

Grain Cash Bids: 

Kansas City Corn: 4.59… +0.09

Kansas City Wheat: 5.55… +0.08

    

Financial Markets:

DJIA: 30,335.67… -68.30

S & P 500: 3,727.04… -8.32

NASDAQ: 12,850.22… -49.20

U.S. Dollar Index: 90.01… -0.33