Feb 06 2020

Texas Daily Ag Market News Summary Posted 4 years 296 days ago by Administrator Account

Daily Market Summary for February 6th

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

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Nebraska live cash trades moved at 122.00. In Nebraska dressed cash trades moved at 195.00 for the prior week. In the Western Cornbelt for the previous week live cash trades moved from 122.00-123.00 and the bulk of dressed cash trades moved from 194.00-195.00.

   

Negotiated Sales:

Confirmed:      801

Week Ago:  28,985

Year Ago:      1,584

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 24,800

Weighted avg. weight:       884 lbs.

Weighted avg. net price:   196.39

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                   121,000

Week ago (est)                   123,000

Year ago (act)                     119,000

Week to Date                     486,000

Same Period Last Week   485,000

Same Period Last year     477,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values steady on Choice and lower on Select on light to moderate demand and moderate offerings. Select and Choice round and loin cuts steady to weak while chuck cuts steady to firm. Choice rib cuts steady while Select lower.

 

Cutout Values:

Choice: 210.93… +0.21

Select:  205.96… -1.98

Choice/Select Spread: 4.97

Total Load Count: 106

    

Cutter Cow Cutout:

186.21… +1.70

   

CME Feeder Cattle Index:

141.53… +0.10

   

Futures…

Live Cattle:

February: 121.12… +0.37

April: 119.75… +0.58

June: 111.17… +0.35

   

Feeder Cattle:

March: 135.90… +0.23

April: 137.57… +0.32

May: 140.05… +0.50

     

April Hogs: 64.87… +3.00

February Crude Oil: 50.95… +0.20

   

March Corn: 3.7925… -0.0150

March Soybeans: 8.8100… +0.0100

March Wheat: 5.5625… -0.0575

    

Grain Cash Bids:

Kansas City Corn: 3.92… -0.01

Kansas City Soybeans: 8.79… +0.01

Kansas City Wheat: 5.56… -0.06

   

Financial Markets:

DJIA: 29,380.04… +89.32

S & P 500: 3,345.77… +11.06

NASDAQ: 9,572.15… +63.47

U.S. Dollar Index: 98.49… +0.19