Jan 17 2020

Texas Daily Ag Market News Summary Posted 4 years 316 days ago by Administrator Account

Daily Market Summary for January 17th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Friday, negotiated trade was limited on light to moderate demand in all feeding regions. However not enough purchases in any feeding region for an adequate market test. The latest established market was on Thursday with live purchases in the Southern Plains and Nebraska at 124.00. Dressed purchases in Nebraska on Thursday traded from 199.00-200.00. In the Western Cornbelt on Thursday, live purchases traded from 123.00-125.00 with dressed purchases from 198.00-199.00.

   

Negotiated Sales:

Confirmed:          7,928

Week Ago:         16,437

Year Ago:             1,279

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 22,100

Weighted avg weight:       895 lbs.

Weighted avg net price:   198.40

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        116,000

Week ago (est)                  120,000

Year ago (act)                    117,000

Week to Date                    604,000

Same Period Last Week   608,000

Same Period Last year     601,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

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

 

Cutout Values:

Choice: 214.17… +1.27

Select:  212.75… +1.28

Choice/Select Spread: 1.42

Total Load Count:  97

    

Cutter Cow Cutout:

185.57… -0.97

   

CME Feeder Cattle Index:

145.74… -0.61

   

Futures…

Live Cattle:

February: 126.35… +0.23

April: 127.25… +0.83

June: 119.20… +0.35

   

Feeder Cattle:

January: 145.35… -0.07

March: 145.00… +0.18

April: 147.87… +0.07

     

March Hogs: 67.67… +0.80

February Crude Oil: 58.54… +0.02

   

March Corn: 3.8925… +0.1375

March Soybeans: 9.2975… +0.0575

March Wheat: 5.7050… +0.0525

   

Grain Cash Bids:

Kansas City Corn: 3.99… +0.13

Kansas City Soybeans: 9.16… +0.06

Kansas City Wheat: 5.63… +0.05

   

Financial Markets:

Dow Jones: 29,347.69… +50.12

S & P 500: 3,329.48… +12.59

NASDAQ: 9,388.94… +31.81

U.S. Dollar Index: 97.62… +0.30