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Feb
20
2020

Texas Daily Market News Summary

Posted 4 years 152 days ago by Administrator Account

Daily Market Summary for February 20th

  

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



Slaughter Cattle:
As of 3:00 PM Thursday, in Nebraska saw negotiated cash trading moderate on moderate demand. Compared to last week live cash trades moved steady to 1.00 higher from 119.00 to 120.00 and dressed cash trades moved steady at 190.00. In the Southern Plains negotiated cash trading was limited on light demand. A few live cash trades moved in Kansas at 120.00. The last fully reported market was Wednesday with live cash trades at 120.00. So far for Thursday in the Western Cornbelt saw negotiated cash trading limited on moderate demand. However, not enough trades for a full market trend. For last week in the Western Cornbelt live cash trades moved at 119.00 and dressed cash trades moved at 190.00.
    
Negotiated Sales:
Confirmed:     26,683
Week Ago:      16,726
Year Ago:            154
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  31,600
Weighted avg. weight:       877 lbs.
Weighted avg. net price:   193.58
         
Cattle Slaughter under Federal Inspection:
Thursday (est)                   122,000
Week ago (est)                  121,000
Year ago (act)                    115,000
Week to Date                    474,000
Same Period Last Week   482,000
Same Period Last year     439,000
Previous Day (est)
Steers & Heifers:  96,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values lower on Choice and steady on Select on light to moderate demand heavy offerings. Select and Choice rib, chuck, and round cuts steady to weak while loin cuts steady to firm. Beef trimmings sharply lower on light demand and light to moderate offerings.
Cutout Values:
Choice: 204.50… -1.07
Select:  201.60… -0.16
Choice/Select Spread: 2.90
Total Load Count: 177
     
Cutter Cow Cutout:
178.15… -6.02
    
CME Feeder Cattle Index:
141.10
    
Futures…
Live Cattle:
February: 120.10… -1.20
April: 119.15… -1.65
June: 110.92… -1.38
    
Feeder Cattle:
March: 140.80… +0.03
April: 142.52… -0.50
May: 143.57… -0.80
      
April Hogs: 66.87… -0.70
February Crude Oil: 53.78… +0.49
    
March Corn: 3.7850… -0.0200
March Soybeans: 8.9275… -0.0450
March Wheat: 5.6000… -0.0525
    
Grain Cash Bids:
Kansas City Corn: 3.93… -0.02
Kansas City Soybeans: 8.95… -0.05
Kansas City Wheat: 5.53… -0.05
    
Financial Markets:
DJIA: 29,219.98… -128.05
S & P 500: 3,373.23… -12.92
NASDAQ: 9,750.97… -66.21
U.S. Dollar Index: 99.87… +0.16

   






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