Feb 19 2020

Texas Daily Ag Market News Summary Posted 4 years 73 days ago by Administrator Account

Daily Market Summary for February 19th

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!

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow to moderate on light demand in the Texas Panhandle. Compared to last week live cash trades moved 1.00 higher at 120.00. In Kansas negotiated cash trading has been limited on light demand. Not enough trades for a market trend. In Nebraska and the Western Cornbelt negotiated cash trading has been at a standstill. Last week in Kansas, Nebraska and Western Cornbelt live cash trades moved at 119.00. Last week in Nebraska and Western Cornbelt dressed cash trades moved at 190.00.

    

Negotiated Sales:

Confirmed:      3,695

Week Ago:     20,812

Year Ago:             67

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,100

Weighted avg. weight:       872 lbs.

Weighted avg. net price:   193.97

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)              122,000

Week ago (est)                  120,000

Year ago (act)                    109,000

Week to Date                    352,000

Same Period Last Week   361,000

Same Period Last year      324,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 205.57… -0.56

Select:  201.76… -1.97

Choice/Select Spread: 3.81

Total Load Count: 181

     

Cutter Cow Cutout:

184.16… +1.30

    

CME Feeder Cattle Index:

141.10… -0.10

    

Futures…

Live Cattle:

February: 121.30… -0.12

April: 120.80… +0.20

June: 112.30… +0.10

    

Feeder Cattle:

March: 140.77… +1.47

April: 143.02… +1.25

May: 144.37… +0.60

      

April Hogs: 67.57… +2.07

February Crude Oil: 53.29… +1.24

    

March Corn: 3.8050… -0.0250

March Soybeans: 8.9725… +0.0500

March Wheat: 5.6525… -0.0150

    

Grain Cash Bids:

Kansas City Corn: 3.95… -0.02

Kansas City Soybeans: 9.00… +0.05

Kansas City Wheat: 5.58… -0.01

    

Financial Markets:

DJIA: 29,348.03... +115.64

S & P 500: 3,386.15... +15.82

NASDAQ: 9,817.18... +84.44

U.S. Dollar Index: 99.59... +0.15