Jan 09 2020

Texas Daily Market News Summary Posted 4 years 324 days ago by Administrator Account

Daily Market Summary for January 9th

   

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Slaughter Cattle:

As of 3:00 PM Thursday, 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:               360

Week Ago:             3,118

Year Ago:               1,353

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 25,600

Weighted avg weight:       873 lbs.

Weighted avg net price:   199.77

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)               122,000

Week ago (est)                  122,000

Year ago (act)                    121,000

Week to Date                    488,000

Same Period Last Week   340,000

Same Period Last year     481,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values steady to firm on moderate to fairly good demand and heavy offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings mostly moderately lower on light demand and moderate offerings.

Cutout Values:

Choice: 209.96… +0.46

Select:  206.68… +0.15

Choice/Select Spread: 3.28

Total Load Count:  139

     

Cutter Cow Cutout:

185.38… +0.69

    

CME Feeder Cattle Index:

145.91… Wednesday – Thursday’s Index not yet posted

    

Futures…

Live Cattle:

February: 126.72… +0.37

April: 127.30… +0.25

June: 119.47… +0.27

    

Feeder Cattle:

January: 146.92… +0.10

March: 146.55… +0.03

April: 149.17… +0.15

      

March Hogs: 67.02… -2.00

February Crude Oil: 59.56… -0.05

    

March Corn: 3.8325… -0.0100

March Soybeans: 9.4350… -0.0375

March Wheat: 5.6225… +0.0950

    

Grain Cash Bids:

Kansas City Corn: 3.91… -0.01

Kansas City Soybeans: 9.26… -0.05

Kansas City Wheat: 5.55… +0.10

    

Financial Markets:

Dow Jones: 28,957.10… +211.63

S & P 500: 3,274.69… +21.63

NASDAQ: 9,203.43… +74.19

U.S. Dollar Index: 97.44… +0.14