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Jan
16
2020

Texas Daily Market News Summary

Posted 4 years 135 days ago by Administrator Account

Daily Market Summary for January 16th

 

The Daily Market News Report is brought to you by The Cattle Range. 


 

Slaughter Cattle:
As of 3:00 PM Thursday, negotiated cash trade and demand was moderate in all feeding regions. Compared to last week, live purchases in the Southern Plains and Nebraska traded steady at 124.00. Early dressed purchases in Nebraska traded from 199.00-200.00, however not enough for an adequate market test. Last week in Nebraska, dressed purchases traded at 200.00. In the Western Cornbelt, a few early purchases were reported from 123.00-124.00 and from 198.00-199.00 respectively, however not enough for an adequate market test. Last week in the Western Cornbelt, live purchases traded from 124.00-126.00 with dressed purchases mostly at 200.00.
    
Negotiated Sales:
Confirmed:         59,211
Week Ago:               360
Year Ago:                 534
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 21,700
Weighted avg weight:       870 lbs.
Weighted avg net price:   199.36
         
Cattle Slaughter under Federal Inspection:
Thursday (est)                   122,000
Week ago (est)                  122,000
Year ago (act)                    122,000
Week to Date                    488,000
Same Period Last Week   488,000
Same Period Last year     383,000
Previous Day (est)
Steers & Heifers:  95,000
Cows & Bulls:        27,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values firm to higher on moderate to fairly good demand and moderate offerings. Select and Choice rib and loin cuts steady to firm while round cuts steady to weak. Choice chuck cuts steady while Select higher. Beef trimmings moderately to sharply lower on light demand and moderate offerings.
Cutout Values:
Choice: 212.90… +0.37
Select:  211.47… +1.80
Choice/Select Spread: 1.43
Total Load Count:  115
     
Cutter Cow Cutout:
186.54… +0.39
    
CME Feeder Cattle Index:
146.35… -0.22
    
Futures…
Live Cattle:
February: 126.12… -0.48
April: 126.42… -1.08
June: 118.85… -0.57
    
Feeder Cattle:
January: 145.42… Unchanged
March: 144.82… -0.35
April: 147.80… -0.40
      
March Hogs: 66.87… -1.00
February Crude Oil: 58.52… +0.71
    
March Corn: 3.7550… -0.1200
March Soybeans: 9.2400… -0.0475
March Wheat: 5.6525… -0.0800
    
Grain Cash Bids:
Kansas City Corn: 3.86… -0.12
Kansas City Soybeans: 9.10… -0.05
Kansas City Wheat: 5.58… -0.08
    
Financial Markets:
Dow Jones: 29,297.57… +266.74
S & P 500: 3,316.89… +27.52
NASDAQ: 9,357.13… +98.43
U.S. Dollar Index: 97.30… +0.07





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