Feb 05 2021

Texas Daily AG Market Summary Posted 3 years 297 days ago by Administrator Account

Daily Market Summary for February 5th

   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 Friday in the Southern Plains, negotiated cash trading and demand have been moderate. Compared to last week live purchases traded mostly 1.00 higher at 114.00. In Nebraska negotiated cash trading has been slow to moderate with moderate demand. Compared to last week live purchases traded steady to 1.00 higher from 112.00-114.00, mostly at 114.00. Not enough dressed purchases for a market trend. On Thursday dressed traded from 178.00-180.00. So far for Friday in the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Thursday was the last reported market with live purchases from 112.00-114.00 and dressed purchases from 178.00-180.00.

        

Negotiated Sales:

Confirmed:         41,015

Week Ago:          29,471

Year Ago:            15,617

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,600

Weighted avg. weight:       896 lbs.

Weighted avg. net price:    180.11

         

Cattle Slaughter under Federal Inspection:

Friday (est)                           113,000

Week ago (est)                    120,000

Year ago (act)                      117,000

Week to Date                      583,000

Same Period Last Week     591,000

Same Period Last Year       604,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 234.58… +0.33

Select:  220.79… +0.35

Choice/Select Spread: 13.79

Total Load Count: 100

             

Cutter Cow Cutout: 

180.64… +0.94

    

CME Feeder Cattle Index for February 4th: 

135.65… -0.62

             

Futures Settlements…

Live Cattle:

February: 116.72… +0.27

April: 123.77… +0.02

June: 119.97… -0.23

    

Feeder Cattle:

March: 138.27… -1.23

April: 142.20… -0.47

May: 144.77… -0.30

      

April Hogs: 80.30… +1.00

March Crude Oil: 56.85… +0.62

    

March Corn: 5.4850… -0.0150

March Wheat: 6.4125… +0.0375

    

Grain Cash Bids: 

Kansas City Corn: 5.42… -0.01

Kansas City Wheat: 5.95… +0.06

    

Financial Markets:

DJIA: 31,148.04… +91.85

S & P 500: 3,886.80… +15.06

NASDAQ: 13,856.30… +78.56

U.S. Dollar Index: 91.01… -0.52