Feb 18 2021

Texas Daily Ag Market News Summary Posted 3 years 284 days ago by Administrator Account

Daily Market Summary for February 18^th

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

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in all major feeding regions. In the Texas Panhandle live purchases traded steady at 114.00 when compared to the last market on Tuesday. In Kansas live purchases traded steady at 114.00 when compared to last week. A light test was noted in both regions. In Nebraska a few live purchases traded at 114.00. In few live purchases traded at 115.00 in the Western Cornbelt. However, not enough for a full market trend in these regions. For the prior week in Nebraska live and dressed purchases from 113.00-114.00 and at 180.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases were from 112.00-115.00 and at 180.00, respectively.

       

Negotiated Sales:

Confirmed:    17,235

Week Ago:     11,356

Year Ago:       16,726

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   11,400

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    186.53

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     111,000

Week ago (est)                    116,000

Year ago (act)                      122,000

Week to Date                      380,000

Same Period Last Week     461,000

Same Period Last Year       475,000

Previous Day (est)

Steers & Heifers:  76,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 238.85… +1.34

Select:  227.47… +1.83

Choice/Select Spread: 11.38

Total Load Count: 96

            

Cutter Cow Cutout:

184.05… -0.05

   

CME Feeder Cattle Index for February 17^th:

135.71… +0.11

            

Futures Settlements…

Live Cattle:

February: 115.12… -0.18

April: 122.92… -1.23

June: 119.77… -0.85

   

Feeder Cattle:

March: 138.20… -0.22

April: 141.75… -1.00

May: 144.62… -0.63

     

April Hogs: 84.92… +0.02

March Crude Oil: 60.52… -0.62

   

March Corn: 5.5025… -0.0275

March Wheat: 6.6250… +0.1850

   

Grain Cash Bids:

Kansas City Corn: 5.43… -0.03

Kansas City Wheat: 6.07… +0.12

   

Financial Markets:

DJIA: 31,493.53… -119.75

S & P 500: 3,914.02… -17.36

NASDAQ: 13,865.36… -100.14

U.S. Dollar Index: 90.55… -0.40