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Feb
18
2020

Texas Daily Market News Summary

Posted 4 years 154 days ago by Administrator Account

Daily Market Summary for February 18th

  

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



Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in all major feeding regions live cash trades moved at 119.00. Last week in Nebraska and Western Cornbelt dressed cash trades moved at 190.00.
    
Negotiated Sales:
Confirmed:         443
Week Ago:       3,669
Year Ago:            382
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  32,100
Weighted avg. weight:       880 lbs.
Weighted avg. net price:   195.04
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                    123,000
Week ago (est)                  122,000
Year ago (act)                    116,000
Week to Date                    230,000
Same Period Last Week   241,000
Same Period Last year     215,000
Previous Day (est)
Steers & Heifers:  85,000
Cows & Bulls:        22,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values lower on Choice and sharply lower on Select on light demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to weak while chuck cuts lower. Beef trimmings sharply lower on moderate demand and offerings.
Cutout Values:
Choice: 206.13… -1.13
Select:  203.73… -2.45
Choice/Select Spread: 2.40
Total Load Count: 128
     
Cutter Cow Cutout:
182.86… -0.20
    
CME Feeder Cattle Index:
140.72… +0.12
    
Futures…
Live Cattle:
February: 121.42… +0.60
April: 120.60… +0.28
June: 112.20… +0.20
    
Feeder Cattle:
March: 139.30… +0.78
April: 141.77… +0.40
May: 143.77… +0.57
      
April Hogs: 65.50… +1.20
February Crude Oil: 52.05… Unchanged
    
March Corn: 3.8300… +0.0525
March Soybeans: 8.9225… -0.0150
March Wheat: 5.6675… +0.2400
    
Grain Cash Bids:
Kansas City Corn: 3.97… +0.05
Kansas City Soybeans: 8.95… -0.01
Kansas City Wheat: 5.59… +0.24
    
Financial Markets:
DJIA: 29,232.39… -165.35
S & P 500: 3,370.33… -9.76
NASDAQ: 9,732.74… +1.56
U.S. Dollar Index: 99.45… +0.45





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