Jan 15 2020

Texas Daily Ag Market Summary Posted 4 years 318 days ago by Administrator Account

Daily Market Summary for January 15th

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/
for more information!

---

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains and Nebraska at 124.00, with dressed purchases in Nebraska at 200.00. Last week in the Western Cornbelt, live purchases traded from 124.00-126.00 with dressed purchases mostly at 200.00.

    

Negotiated Sales:

Confirmed:           584

Week Ago:            175

Year Ago:              558

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 18,800

Weighted avg weight:       885 lbs.

Weighted avg net price:   198.44

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)              122,000

Week ago (est)                  122,000

Year ago (act)                    122,000

Week to Date                    366,000

Same Period Last Week   366,000

Same Period Last year     362,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 212.53… -0.23

Select:  209.67… -0.63

Choice/Select Spread: 2.86

Total Load Count:  163

     

Cutter Cow Cutout:

186.15… -0.88

    

CME Feeder Cattle Index:

146.51 - Tuesday’s Index… Today’s Index not published as of 3:30 PM

    

Futures…

Live Cattle:

February: 126.60… -0.25

April: 127.50… -0.37

June: 119.42… -0.30

    

Feeder Cattle:

January: 145.42… -0.48

March: 145.17… -0.55

April: 148.20… -0.45

      

March Hogs: 67.87… +0.20

February Crude Oil: 57.81… -0.42

    

March Corn: 3.8750… -0.0150

March Soybeans: 9.2875… -0.1350

March Wheat: 5.7325… +0.0475

    

Grain Cash Bids:

Kansas City Corn: 3.98… +0.01

Kansas City Soybeans: 9.15… -0.08

Kansas City Wheat: 5.66… +0.05

    

Financial Markets:

Dow Jones: 29,030.83… +91.16

S & P 500: 3,289.37… +6.22

NASDAQ: 9,258.70… +7.37

U.S. Dollar Index: 97.22… -0.16