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Jan
15
2020

Texas Daily Ag Market News Summary

Posted 4 years 136 days ago by Administrator Account

Daily Market Summary for January 15th

 The Daily Market News Report 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





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