Feb 21 2020

Texas Daily Ag Market News Summary Posted 4 years 281 days ago by Administrator Account

Daily Market Summary for February 21st

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 Friday, negotiated cash trading has been limited on light demand in Kansas, Nebraska and Western Cornbelt. Not enough trades in these regions for a market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. In the Southern Plains the last reported market was on Wednesday with live cash trades at 120.00. In Nebraska and Western Cornbelt the last reported market was on Thursday with the bulk of live cash trades from 119.00-120.00 and the bulk of dressed cash trades at 190.00.

   

Negotiated Sales:

Confirmed:     8,587

Week Ago:      1,564

Year Ago:        7,141

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,600

Weighted avg. weight:       878 lbs.

Weighted avg. net price:   191.25

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        121,000

Week ago (est)                  111,000

Year ago (act)                    116,000

Week to Date                    595,000

Same Period Last Week   593,000

Same Period Last year     555,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 205.09… +0.59

Select:  201.70… +0.10

Choice/Select Spread: 3.39

Total Load Count: 97

    

Cutter Cow Cutout:

178.53… +0.38

   

CME Feeder Cattle Index:

141.95

   

Futures…

Live Cattle:

February: 119.72… -0.38

April: 118.25… -0.90

June: 110.27… -0.65

   

Feeder Cattle:

March: 140.20… -0.60

April: 142.10… -0.42

May: 142.85… -0.72

     

April Hogs: 67.02… +0.15

February Crude Oil: 53.38… -0.40

   

March Corn: 3.7700… -0.0150

March Soybeans: 8.9050… -0.0225

March Wheat: 5.5100… -0.0900

   

Grain Cash Bids:

Kansas City Corn: 3.91… -0.02

Kansas City Soybeans: 8.93… -0.02

Kansas City Wheat: 5.44… -0.09

   

Financial Markets:

DJIA: 28,992.47… -227.51

S & P 500: 3,337.68… -35.55

NASDAQ: 9,576.59… -174.38

U.S. Dollar Index: 99.32… -0.55