Mar 03 2020

Texas Daily Market News Summary Posted 4 years 60 days ago by Administrator Account

Daily Market Summary for March 3rd

  

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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