Feb 26 2021

Texas Daily Ag Market News Summary Posted 3 years 276 days ago by Administrator Account

Daily Market Summary for February 26^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in the Southern Plains has been slow on light demand with live purchases steady compared to last week at 114.00. In Nebraska and the Western Cornbelt negotiated cash trading has been limited on light demand with a few live purchases in Nebraska at 114.00, however not enough purchases in either region for a full market trend. The last reported market in either region was on Thursday with live and dressed purchases at 114.00 and 182.00 respectively.

       

Negotiated Sales:

Confirmed:    14,623

Week Ago:     20,235

Year Ago:         5,215

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   13,400

Weighted avg. weight:        864 lbs.

Weighted avg. net price:     183.81

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           119,000

Week ago (est)                    109,000

Year ago (act)                      115,000

Week to Date                      602,000

Same Period Last Week     489,000

Same Period Last Year       601,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 240.53… +0.14

Select:  229.73… +0.94

Choice/Select Spread: 10.80

Total Load Count: 59

            

Cutter Cow Cutout:

187.51… -1.38

   

CME Feeder Cattle Index for February 25^th:

138.91… -0.57

            

Futures Settlements…

Live Cattle:

February: 113.10… -3.90

April: 120.00… -1.67

June: 118.42… -1.08

   

Feeder Cattle:

March: 138.67… -1.75

April: 142.57… -2.50

May: 145.07… -2.15

     

April Hogs: 87.15… -2.60

April Crude Oil: 61.50… -2.03

   

March Corn: 5.5550… +0.0075

March Wheat: 6.5500… -0.1675

   

Grain Cash Bids:

Kansas City Corn: 5.49… +0.01

Kansas City Wheat: 5.95… -0.19

   

Financial Markets:

DJIA: 30,927.10… -474.91

S & P 500: 3,810.97… -18.37

NASDAQ: 13,192.34… +72.91

U.S. Dollar Index: 90.90… +0.77