Agriculture Market Summary
Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

Jan
22
2020

Texas Daily Market News Summary

Posted 4 years 129 days ago by Administrator Account

Daily Market Summary for January 22nd

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 in the Southern Plains, negotiated cash trade and demand has been moderate with live trades moving steady at 124.00. Trading in the Nebraska and Western Cornbelt has been limited on light to moderate demand. Not enough trade for and adequate market trend. Last week in Nebraska, live purchases traded at 124.00 with dressed purchases mostly from 198.00-200.00, bulk at 199.00. In the Western Cornbelt last week, live cash trades moved from 123.00-125.00 and dressed cash trades moved from 198.00-199.00.
    
Negotiated Sales:
Confirmed:     22,076
Week Ago:           584
Year Ago:          1,579
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 15,200
Weighted avg weight:       860 lbs.
Weighted avg net price:   198.33
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)               123,000
Week ago (est)                  122,000
Year ago (act)                    116,000
Week to Date                    368,000
Same Period Last Week   366,000
Same Period Last year     349,000
Previous Day (est)
Steers & Heifers:  97,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values firm on Choice and lower on Select on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to firm while loin cuts steady to weak. Choice rib cuts steady while Select lower. Beef trimmings mostly moderately lower on light demand and offerings.
Cutout Values:
Choice: 214.96… +0.45
Select:  212.02… -1.45
Choice/Select Spread: 2.94
Total Load Count:  157
     
Cutter Cow Cutout:
186.76… -0.25
    
CME Feeder Cattle Index:
145.17… -0.29
    
Futures…
Live Cattle:
February: 126.17… -0.20
April: 126.77… -0.45
June: 118.45… -0.72
    
Feeder Cattle:
January: 143.92… -1.15
March: 143.05… -1.62
April: 146.02… -1.53
      
March Hogs: 67.55… +0.20
February Crude Oil: 56.74… -1.60
    
March Corn: 3.8875… +0.0125
March Soybeans: 9.1375… -0.0225
March Wheat: 5.7775… -0.0375
    
Grain Cash Bids:
Kansas City Corn: 3.98… +0.01
Kansas City Soybeans: 8.97… -0.03
Kansas City Wheat: 5.70… -0.04
    
Financial Markets:
DJIA: 29,186.82… -9.22
S & P 500: 3,321.81… +1.02
NASDAQ: 9,383.77… +12.96
U.S. Dollar Index: 97.53… Unchanged





Text/HTML