Feb 09 2021

Texas Daily Ag Market News Summary Posted 3 years 293 days ago by Administrator Account

Daily Market Summary for February 9^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in the Southern Plains has been mostly inactive on light demand, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 114.00. Last week in Nebraska and the Western Cornbelt live purchases traded from 112.00-114.00 and dressed purchases traded from 178.00-180.00.

       

Negotiated Sales:

Confirmed:       993

Week Ago:        549

Year Ago:       3,669

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,200

Weighted avg. weight:       882 lbs.

Weighted avg. net price:    181.17

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       115,000

Week ago (est)                    118,000

Year ago (act)                      124,000

Week to Date                      229,000

Same Period Last Week    235,000

Same Period Last Year      242,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 234.29… -1.91

Select:  220.73… +0.12

Choice/Select Spread: 13.56

Total Load Count: 121

            

Cutter Cow Cutout:

181.77… +0.68

   

CME Feeder Cattle Index for February 8^th:

135.63… +0.16

            

Futures Settlements…

Live Cattle:

February: 117.45… +0.88

April: 123.82… -0.13

June: 119.65… -0.37

   

Feeder Cattle:

March: 138.65… +1.20

April: 143.17… +1.70

May: 145.07… +1.50

     

April Hogs: 80.37… -0.28

March Crude Oil: 58.36… +0.39

   

March Corn: 5.5625… -0.0750

March Wheat: 6.4950… -0.0625

   

Grain Cash Bids:

Kansas City Corn: 5.49… -0.08

Kansas City Wheat: 6.04… -0.06

   

Financial Markets:

DJIA: 31,375.83… -10.27

S & P 500: 3,911.26… -4.32

NASDAQ: 14,007.70... +20.06

U.S. Dollar Index: 90.45… -0.48