Feb 03 2021

Texas Daily Ag Market News Summary Posted 3 years 299 days ago by Administrator Account

Daily Market Summary for February 3^rd

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains 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:              572

Week Ago:            1,467

Year Ago:                893

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,500

Weighted avg. weight:       885 lbs.

Weighted avg. net price:    180.55

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                119,000

Week ago (est)                    119,000

Year ago (act)                      124,000

Week to Date                      354,000

Same Period Last Week     351,000

Same Period Last Year       365,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 235.28… -1.48

Select:  223.39… -1.65

Choice/Select Spread: 11.89

Total Load Count: 153

            

Cutter Cow Cutout:

179.36… -6.22

   

CME Feeder Cattle Index for February 2^nd:

136.44… +0.04

            

Futures Settlements…

Live Cattle:

February: 115.47… -0.50

April: 122.45… -0.07

June: 119.47… +0.67

   

Feeder Cattle:

March: 138.52… -0.60

April: 141.82… -0.43

May: 144.32… -0.05

     

April Hogs: 79.20… +1.13

March Crude Oil: 55.69… +0.93

   

March Corn: 5.5200… +0.0900

March Wheat: 6.4825… +0.0350

   

Grain Cash Bids:

Kansas City Corn: 5.45… +0.09

Kansas City Wheat: 5.96… +0.07

   

Financial Markets:

DJIA: 30,723.01… +34.87

S & P 500: 3,830.13… +3.86

NASDAQ: 13,610.54… -2.24

U.S. Dollar Index: 91.12… -0.08