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Mar
03
2020

Texas Daily Market News Summary

Posted 4 years 140 days ago by Administrator Account

Daily Market Summary for March 3rd

  

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



Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been 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:            39
Week Ago:     13,246
Year Ago:          1,253
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  27,400
Weighted avg. weight:       869 lbs.
Weighted avg. net price:   193.23
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                    124,000
Week ago (est)                  124,000
Year ago (act)                    121,000
Week to Date                    245,000
Same Period Last Week   242,000
Same Period Last year     238,000
Previous Day (est)
Steers & Heifers:  97,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values higher on Select and steady on Choice with moderate demand and light to moderate offerings.  Select rib, chuck, round and loin cuts firm to higher, while Choice generally steady.
Cutout Values:
Choice: 206.62… +0.09
Select:  202.70… +1.54
Choice/Select Spread: 3.92
Total Load Count: 155
     
Cutter Cow Cutout:
175.63… -0.07
    
CME Feeder Cattle Index for March 2nd:
134.00… +0.48
    
Futures…
Live Cattle:
April: 110.10… -0.05
June: 103.37… -0.60
August: 103.55… -0.80
    
Feeder Cattle:
March: 133.52… -0.20
April: 133.77… -1.28
May: 134.05… -1.92
      
April Hogs: 63.55… +0.75
April Crude Oil: 47.18… +0.43
    
May Corn: 3.8125… +0.0575
May Soybeans: 9.0350… +0.0250
May Wheat: 5.2725… +0.0400
    
Grain Cash Bids:
Kansas City Corn: 3.87
Kansas City Soybeans: 8.95
Kansas City Wheat: 5.16
    
Financial Markets:
DJIA: 25,914.49… -791.68
S & P 500: 3,003.10… -87.42
NASDAQ: 8,684.09… -268.08
U.S. Dollar Index: 97.14… -0.22





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