Jan 07 2020

Texas Daily Market News Summary Posted 4 years 116 days ago by Administrator Account

Daily Market Summary for January 7th

   

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been limited on very light demand in Kansas and Western Cornbelt. In Nebraska negotiated cash trading has been at a standstill. Not enough trades for a market trend in any feeding region. Last week in Kansas and Nebraska live cash trades moved at 124.00 and dressed trades, in Nebraska, moved mostly at 199.00. For the prior week in the Western Cornbelt live cash trades moved mostly from 124.00-125.00 and dressed trades moved mostly at 198.00.

    

Negotiated Sales:

Confirmed:            1,094

Week Ago:                113

Year Ago:                    96

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 20,900

Weighted avg weight:       886 lbs.

Weighted avg net price:   197.31

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     123,000

Week ago (est)                  100,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 209.56… -0.09

Select:  206.82… +0.02

Choice/Select Spread: 2.74

Total Load Count:  156

     

Cutter Cow Cutout:

185.11… -0.11

    

CME Feeder Cattle Index:

145.98… -0.55

    

Futures…

Live Cattle:

February: 126.52… -0.75

April: 127.37… -0.73

June: 118.97… -0.48

    

Feeder Cattle:

January: 145.90… -1.52

March: 145.12… -1.23

April: 147.80… -0.92

      

March Hogs: 69.22… +0.60

February Crude Oil: 62.70… -0.57

    

March Corn: 3.8450… -0.0025

March Soybeans: 9.4400… -0.0075

March Wheat: 5.5025… +0.0025

    

Grain Cash Bids:

Kansas City Corn: 3.92… Unchanged

Kansas City Soybeans: 9.28… Unchanged

Kansas City Wheat: 5.43… Unchanged

    

Financial Markets:

Dow Jones: 28,583.34… -120.04

S & P 500: 3,237.15… -9.13

NASDAQ: 9,068.58… -2.89

U.S. Dollar Index: 97.01… +0.34