Texas Daily Ag Market News Summary

Posted 4 years 278 days ago by Administrator Account

Daily Market Summary for February 24th

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Slaughter Cattle:

Slaughter Cattle reports unavailable.

Cattle Slaughter under Federal Inspection:

Monday (est) 118,000

Week ago (est) 107,000

Year ago (act) 115,000

Previous Day (est)

Steers & Heifers: 95,000

Cows & Bulls: 26,000

Boxed Beef:

Boxed beef cutout values firm to higher on moderate to fairly good demand and moderate offerings. Select and Choice rib, chuck, and round cuts firm. Choice loin cuts firm while Select weak. Beef trimmings mostly sharply higher on good demand and moderate offerings.

Cutout Values:

Choice: 207.07… +1.98

Select: 202.37… +0.67

Choice/Select Spread: 4.70

Total Load Count: 98

Cutter Cow Cutout:

177.99… -0.54

CME Feeder Cattle Index:

141.02… -1.05

Futures…

Live Cattle:

February: 117.00… -2.72

April: 115.25… -3.00

June: 107.37… -2.90

Feeder Cattle:

March: 136.02… -4.18

April: 137.60… -4.50

May: 138.35… -4.50

April Hogs: 64.62… -2.40

February Crude Oil: 51.43… -1.95

March Corn: 3.7225… -0.0475

March Soybeans: 8.7425… -0.1625

March Wheat: 5.3625… -0.1475

Grain Cash Bids:

Kansas City Corn: 3.86… -0.05

Kansas City Soybeans: 8.74… -0.19

Kansas City Wheat: 5.29… -0.15

Financial Markets:

DJIA: 27,961.01… -1031.46

S & P 500: 3,225.91… -111.77

NASDAQ: 9,221.28… -355.31

U.S. Dollar Index: 99.27… +0.01