Texas Daily Market News Summary

Daily Market Summary for February 25th

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 Tuesday, negotiated cash trade was light to moderate on moderate demand in Kansas and Nebraska. Compared to last week in Kansas, early live purchases in Kansas have traded 5.00 lower at 115.00. In Nebraska compared to last week, early dressed purchases traded 3.00-5.00 lower from 185.00-187.00. Not enough live purchases in Nebraska for and adequate market test. Last week in Nebraska live purchases traded from 119.00-120.00. Trade was limited on light demand in the Western Cornbelt. Last week in the Western Cornbelt, live purchases traded from 119.00-120.00 with dressed purchases at 190.00. Trade was inactive on light demand in the Texas Panhandle. The latest established market in the Texas Panhandle was last week with live purchases at 120.00.

    

Negotiated Sales:

Confirmed:    13,246

Week Ago:          443

Year Ago:            514

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,100

Weighted avg. weight:       873 lbs.

Weighted avg. net price:   193.03

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    124,000

Week ago (est)                  123,000

Year ago (act)                    118,000

Same Period Last Week   230,000

Same Period Last year     233,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm on Choice and sharply lower on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts firm while Select lower.  Beef trimmings not fully established.

Cutout Values:

Choice: 207.47… +0.40

Select:  199.90… -2.47

Choice/Select Spread: 7.57

Total Load Count: 141

     

Cutter Cow Cutout:

180.67… +2.68

    

CME Feeder Cattle Index:

139.72… -1.30

    

Futures…

Live Cattle:

February: 115.02… -1.98

April: 112.95… -2.30

June: 105.80… -1.57

    

Feeder Cattle:

March: 132.97… -3.05

April: 134.12… -3.48

May: 135.80… -2.55

      

April Hogs: 64.67… +0.05

February Crude Oil: 49.90… -1.53

    

March Corn: 3.7250… +0.0025

March Soybeans: 8.7900… +0.0475

March Wheat: 5.3900… +0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.87… +0.01

Kansas City Soybeans: 8.79… +0.05

Kansas City Wheat: 5.32… +0.03

    

Financial Markets:

DJIA: 27,081.97… -879.04

S & P 500: 3,128.32… -97.59

NASDAQ: 8,965.61… -255.67

U.S. Dollar Index: 98.98… -0.38

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Daily Market Summary for February 25th

  

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was light to moderate on moderate demand in Kansas and Nebraska. Compared to last week in Kansas, early live purchases in Kansas have traded 5.00 lower at 115.00. In Nebraska compared to last week, early dressed purchases traded 3.00-5.00 lower from 185.00-187.00. Not enough live purchases in Nebraska for and adequate market test. Last week in Nebraska live purchases traded from 119.00-120.00. Trade was limited on light demand in the Western Cornbelt. Last week in the Western Cornbelt, live purchases traded from 119.00-120.00 with dressed purchases at 190.00. Trade was inactive on light demand in the Texas Panhandle. The latest established market in the Texas Panhandle was last week with live purchases at 120.00.

    

Negotiated Sales:

Confirmed:    13,246

Week Ago:          443

Year Ago:            514

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,100

Weighted avg. weight:       873 lbs.

Weighted avg. net price:   193.03

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    124,000

Week ago (est)                  123,000

Year ago (act)                    118,000

Same Period Last Week   230,000

Same Period Last year     233,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm on Choice and sharply lower on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts firm while Select lower.  Beef trimmings not fully established.

Cutout Values:

Choice: 207.47… +0.40

Select:  199.90… -2.47

Choice/Select Spread: 7.57

Total Load Count: 141

     

Cutter Cow Cutout:

180.67… +2.68

    

CME Feeder Cattle Index:

139.72… -1.30

    

Futures…

Live Cattle:

February: 115.02… -1.98

April: 112.95… -2.30

June: 105.80… -1.57

    

Feeder Cattle:

March: 132.97… -3.05

April: 134.12… -3.48

May: 135.80… -2.55

      

April Hogs: 64.67… +0.05

February Crude Oil: 49.90… -1.53

    

March Corn: 3.7250… +0.0025

March Soybeans: 8.7900… +0.0475

March Wheat: 5.3900… +0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.87… +0.01

Kansas City Soybeans: 8.79… +0.05

Kansas City Wheat: 5.32… +0.03

    

Financial Markets:

DJIA: 27,081.97… -879.04

S & P 500: 3,128.32… -97.59

NASDAQ: 8,965.61… -255.67

U.S. Dollar Index: 98.98… -0.38

Daily Market Summary for February 25th

  

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was light to moderate on moderate demand in Kansas and Nebraska. Compared to last week in Kansas, early live purchases in Kansas have traded 5.00 lower at 115.00. In Nebraska compared to last week, early dressed purchases traded 3.00-5.00 lower from 185.00-187.00. Not enough live purchases in Nebraska for and adequate market test. Last week in Nebraska live purchases traded from 119.00-120.00. Trade was limited on light demand in the Western Cornbelt. Last week in the Western Cornbelt, live purchases traded from 119.00-120.00 with dressed purchases at 190.00. Trade was inactive on light demand in the Texas Panhandle. The latest established market in the Texas Panhandle was last week with live purchases at 120.00.

    

Negotiated Sales:

Confirmed:    13,246

Week Ago:          443

Year Ago:            514

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,100

Weighted avg. weight:       873 lbs.

Weighted avg. net price:   193.03

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    124,000

Week ago (est)                  123,000

Year ago (act)                    118,000

Same Period Last Week   230,000

Same Period Last year     233,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm on Choice and sharply lower on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts firm while Select lower.  Beef trimmings not fully established.

Cutout Values:

Choice: 207.47… +0.40

Select:  199.90… -2.47

Choice/Select Spread: 7.57

Total Load Count: 141

     

Cutter Cow Cutout:

180.67… +2.68

    

CME Feeder Cattle Index:

139.72… -1.30

    

Futures…

Live Cattle:

February: 115.02… -1.98

April: 112.95… -2.30

June: 105.80… -1.57

    

Feeder Cattle:

March: 132.97… -3.05

April: 134.12… -3.48

May: 135.80… -2.55

      

April Hogs: 64.67… +0.05

February Crude Oil: 49.90… -1.53

    

March Corn: 3.7250… +0.0025

March Soybeans: 8.7900… +0.0475

March Wheat: 5.3900… +0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.87… +0.01

Kansas City Soybeans: 8.79… +0.05

Kansas City Wheat: 5.32… +0.03

    

Financial Markets:

DJIA: 27,081.97… -879.04

S & P 500: 3,128.32… -97.59

NASDAQ: 8,965.61… -255.67

U.S. Dollar Index: 98.98… -0.38

Daily Market Summary for February 25th

  

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was light to moderate on moderate demand in Kansas and Nebraska. Compared to last week in Kansas, early live purchases in Kansas have traded 5.00 lower at 115.00. In Nebraska compared to last week, early dressed purchases traded 3.00-5.00 lower from 185.00-187.00. Not enough live purchases in Nebraska for and adequate market test. Last week in Nebraska live purchases traded from 119.00-120.00. Trade was limited on light demand in the Western Cornbelt. Last week in the Western Cornbelt, live purchases traded from 119.00-120.00 with dressed purchases at 190.00. Trade was inactive on light demand in the Texas Panhandle. The latest established market in the Texas Panhandle was last week with live purchases at 120.00.

    

Negotiated Sales:

Confirmed:    13,246

Week Ago:          443

Year Ago:            514

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,100

Weighted avg. weight:       873 lbs.

Weighted avg. net price:   193.03

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    124,000

Week ago (est)                  123,000

Year ago (act)                    118,000

Same Period Last Week   230,000

Same Period Last year     233,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values firm on Choice and sharply lower on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts firm while Select lower.  Beef trimmings not fully established.

Cutout Values:

Choice: 207.47… +0.40

Select:  199.90… -2.47

Choice/Select Spread: 7.57

Total Load Count: 141

     

Cutter Cow Cutout:

180.67… +2.68

    

CME Feeder Cattle Index:

139.72… -1.30

    

Futures…

Live Cattle:

February: 115.02… -1.98

April: 112.95… -2.30

June: 105.80… -1.57

    

Feeder Cattle:

March: 132.97… -3.05

April: 134.12… -3.48

May: 135.80… -2.55

      

April Hogs: 64.67… +0.05

February Crude Oil: 49.90… -1.53

    

March Corn: 3.7250… +0.0025

March Soybeans: 8.7900… +0.0475

March Wheat: 5.3900… +0.0275

    

Grain Cash Bids:

Kansas City Corn: 3.87… +0.01

Kansas City Soybeans: 8.79… +0.05

Kansas City Wheat: 5.32… +0.03

    

Financial Markets:

DJIA: 27,081.97… -879.04

S & P 500: 3,128.32… -97.59

NASDAQ: 8,965.61… -255.67

U.S. Dollar Index: 98.98… -0.38