Jan 08 2020

Texas Daily Ag Market Summary Posted 4 years 325 days ago by Administrator Account

Daily Market Summary for January 8th

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

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. 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:               175

Week Ago:                  0

Year Ago:                 116

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 24,200

Weighted avg weight:       877 lbs.

Weighted avg net price:   198.31

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)              122,000

Week ago (est)                        0

Year ago (act)                    121,000

Week to Date                    366,000

Same Period Last Week   218,000

Same Period Last year     360,000

Previous Day (est)

Steers & Heifers:  98,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 209.50… -0.06

Select:  206.53… -0.29

Choice/Select Spread: 2.97

Total Load Count:  153

     

Cutter Cow Cutout:

184.68… -0.43

    

CME Feeder Cattle Index:

145.98... Tuesday

    

Futures…

Live Cattle:

February: 126.35… -0.17

April: 127.05… -0.32

June: 119.20… +0.23

    

Feeder Cattle:

January: 146.82… +0.92

March: 146.52… +1.40

April: 149.02… +1.22

      

March Hogs: 69.02… -0.20

February Crude Oil: 59.61… -3.09

    

March Corn: 3.8425… -0.0025

March Soybeans: 9.4725… +0.0325

March Wheat: 5.5275… +0.0250

    

Grain Cash Bids:

Kansas City Corn: 3.92… Unchanged

Kansas City Soybeans: 9.31… +0.03

Kansas City Wheat: 5.45… +0.02

    

Financial Markets:

Dow Jones: 28,745.47… +162.13

S & P 500: 3,253.06… +15.91

NASDAQ: 9,129.24… +60.66

U.S. Dollar Index: 97.26… +0.25