Feb 02 2021

Texas AG Market Summary Posted 3 years 300 days ago by Administrator Account

Daily Market Summary for February 2nd

   

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Corbelt negotiated cash trading has been mostly inactive with very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Colorado live purchases traded at 113.00. For the prior week in Nebraska live and dressed trades were from 112.00-113.00 and 178.00, respectively. For the previous week in the Western Cornbelt live purchases traded from 110.00-112.50 and dressed mostly at 178.00.

        

Negotiated Sales:

Confirmed:              455

Week Ago:                 40

Year Ago:                 430

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,800

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    176.48

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                    117,000

Year ago (act)                      121,000

Week to Date                      235,000

Same Period Last Week     232,000

Same Period Last Year       241,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 236.76… +1.08

Select:  225.04… -0.55

Choice/Select Spread: 11.72

Total Load Count: 93

             

Cutter Cow Cutout:

185.58… +5.94

    

CME Feeder Cattle Index for February 1st: 

136.40… -0.03

             

Futures Settlements…

Live Cattle:

February: 115.97… +1.10

April: 122.52… +0.82

June: 118.80… +0.58

    

Feeder Cattle:

March: 139.12… +1.20

April: 142.25… +1.18

May: 144.37… +1.32

      

April Hogs: 78.07… +2.57

March Crude Oil: 54.76… +1.21

    

March Corn: 5.4300… -0.0625

March Wheat: 6.4475… -0.0625

    

Grain Cash Bids: 

Kansas City Corn: 5.36… -0.06

Kansas City Wheat: 5.89… -0.06

    

Financial Markets:

DJIA: 30,688.14… +476.00

S & P 500: 3,826.27… +52.43

NASDAQ: 13,612.78… +209.38

U.S. Dollar Index: 91.11… +0.13