Feb 12 2020

Texas Daily Market News Summary Posted 4 years 290 days ago by Administrator Account

Daily Market Summary for February 12th

    

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade and demand were moderate in the Southern Plains. Compared to Tuesday, live purchases traded mostly steady from 118.00-119.00, bulk at 119.00. In Nebraska trade was light on moderate demand. Compared to Tuesday a few live purchases traded steady at 119.00. The latest established dressed market in Nebraska was last week, mostly at 193.00. Trade was very light on light to moderate demand in the Western Cornbelt. The latest established market in the Western Cornbelt was last week with live purchases traded from 121.00-122.00 with dressed purchases mostly at 193.00.

    

Negotiated Sales:

Confirmed:  20,812

Week Ago:        876

Year Ago:       3,086

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 35,900

Weighted avg. weight:       869 lbs.

Weighted avg. net price:   194.15

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)              120,000

Week ago (est)                  122,000

Year ago (act)                    109,000

Week to Date                    361,000

Same Period Last Week   348,000

Same Period Last year     348,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 206.31… -1.52

Select:  205.30… +0.77

Choice/Select Spread: 1.01

Total Load Count: 124

     

Cutter Cow Cutout:

180.98… -4.69

    

CME Feeder Cattle Index:

140.67

    

Futures…

Live Cattle:

February: 118.95… -0.12

April: 117.85… +0.68

June: 109.92… +0.80

    

Feeder Cattle:

March: 135.05… +0.38

April: 137.17… +0.45

May: 139.05… +0.58

      

April Hogs: 63.77… -0.45

February Crude Oil: 51.17… +1.23

    

March Corn: 3.8300… +0.0325

March Soybeans: 8.9250… +0.0775

March Wheat: 5.4750… +0.0550

    

Grain Cash Bids:

Kansas City Corn: 3.97… +0.03

Kansas City Soybeans: 8.95… +0.10

Kansas City Wheat: 5.40… +0.05

    

Financial Markets:

DJIA: 29,551.42… +275.15

S & P 500: 3,379.45… -21.69

NASDAQ: 9,725.96… +87.02

U.S. Dollar Index: 99.00… +0.28