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Mar
02
2020

Texas Daily Ag Market News Summary

Posted 4 years 141 days ago by Administrator Account

Daily Market Summary for March 2nd
​The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information! 

Slaughter Cattle:
As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been very inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Nebraska live cash trades moved mostly at 115.00 and dressed cash trades, in Nebraska moved from 185.00-187.00. For the prior week in the Western Cornbelt live cash trades ranged from 112.00-117.00 and dressed cash trades ranged from 180.00-187.00.
    
Negotiated Sales:
Confirmed:         219
Week Ago:       2,498
Year Ago:          1,871
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  37,100
Weighted avg. weight:       859 lbs.
Weighted avg. net price:   191.17
         
Cattle Slaughter under Federal Inspection:
Monday (est)                     121,000
Week ago (est)                  118,000
Year ago (act)                    117,000
Previous Day (est)
Steers & Heifers:  91,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values higher on good demand and light to moderate offerings. Select and Choice chuck, round, and loin cuts steady to firm. Choice rib cuts steady while Select higher.
Cutout Values:
Choice: 206.53… +1.23
Select:  201.16… +2.25
Choice/Select Spread: 5.37
Total Load Count: 79
     
Cutter Cow Cutout:
176.47… +0.62
    
CME Feeder Cattle Index for Feb. 28th:
133.52... -2.08
    
Futures…
Live Cattle:
April: 110.15… +2.58
June: 103.97… +2.77
August: 104.35… +2.08
    
Feeder Cattle:
March: 133.72… +2.45
April: 135.05… +2.35
May: 135.97… +2.45
      
April Hogs: 62.80… +0.53
April Crude Oil: 46.75… +1.99
    
May Corn: 3.7550… +0.0725
May Soybeans: 9.0100… +0.0825
May Wheat: 5.2325… -0.0175
    
Grain Cash Bids:
Kansas City Corn: 3.87… +0.05
Kansas City Soybeans: 8.95… +0.11
Kansas City Wheat: 5.16… -0.06
    
Financial Markets:
DJIA: 26,706.17… +1.296.20
S & P 500: 3,090.52… +136.44
NASDAQ: 8,952.17… +384.80
U.S. Dollar Index: 97.58… -0.55






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