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Mar
04
2020

Texas Daily Market News Summary

Posted 4 years 139 days ago by Administrator Account

Daily Market Summary for March 4th

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!


Slaughter Cattle:
As of 3:00 PM Wednesday, negotiated cash trade was light to moderate on moderate demand in the Southern Plains. Compared to last week in the Southern Plains, live purchases traded 2.00 lower at 113.00. Trade was mostly inactive on light to moderate demand in all other feeding regions. The latest established market in Nebraska was last week with live purchases mostly at 115.00 with dressed purchases from 185.00-187.00. For the prior week in the Western Cornbelt live purchases traded from 112.00-117.00 with dressed purchases from 180.00-187.00.
    
Negotiated Sales:
Confirmed:       9,584
Week Ago:        9,969
Year Ago:            530
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  19,900
Weighted avg. weight:       865 lbs.
Weighted avg. net price:   188.30
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)              122,000
Week ago (est)                  123,000
Year ago (act)                    115,000
Week to Date                    367,000
Same Period Last Week   365,000
Same Period Last year     353,000
Previous Day (est)
Steers & Heifers:  98,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady on Choice and lower on Select on light to moderate demand and moderate offerings. Select and Choice chuck, round, and loin cuts steady to firm. Choice rib cuts steady while Select lower.
Cutout Values:
Choice: 206.82… +0.20
Select:  201.51… -1.19
Choice/Select Spread: 5.31
Total Load Count: 170
     
Cutter Cow Cutout:
174.39… -1.24
    
CME Feeder Cattle Index for March 3rd:
133.75… -0.25
    
Futures…
Live Cattle:
April: 111.27… +1.17
June: 104.52… +1.15
August: 104.55… +1.00
    
Feeder Cattle:
March: 134.85… +1.33
April: 135.55… +1.78
May: 136.42… +2.37
      
April Hogs: 64.30… +0.75
April Crude Oil: 46.78… -0.40
    
May Corn: 3.8500… +0.0375
May Soybeans: 9.0725… +0.0375
May Wheat: 5.1825… -0.0900
    
Grain Cash Bids:
Kansas City Corn: 3.96… +0.04
Kansas City Soybeans: 9.02… +0.04
Kansas City Wheat: 5.11… -0.09
    
Financial Markets:
DJIA: 27,090.48… +1,175.99
S & P 500: 3,130.09… +126.99
NASDAQ: 9,018.09… +334.00
U.S. Dollar Index: 97.37… +0.22





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