Feb 10 2023

Texas Daily Ag Market News Summary Posted 1 years 74 days ago by Administrator Account

Daily Market Summary for February 10th

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

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Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains and Western Cornbelt, negotiated cash trading has been slow on light demand. In the Texas Panhandle, compared to last week, a few early live purchases have traded 2.00 higher at 160.00. In Kanas, compared to last week, a few early live purchases traded 1.00-2.00 higher at 160.00. In the Western Cornbelt, compared to the last reported market on Thursday, a few live and dressed purchases traded steady at 160.00 and at 254.00, respectively. In Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Thursday was the last reported dressed purchase market at 254.00. Last week live purchases traded from 155.00-159.00.

Negotiated Sales:

Confirmed:       12,501

Week Ago:        12,243

Year Ago:           3,844

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:        848.00

Weighted avg. net price:     256.02

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Cattle Slaughter under Federal Inspection

Friday (est)          122,000

Week ago (est)    122,000

Year ago (act)      121,000

Week to Date      616,000

Last Week            622,000

Last Year              619,000

Thursday:

Steers & Heifers:  96,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 269.66… +0.37

Select:  254.29… +0.28

Choice/Select Spread: 15.37

Total Load Count: 111

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Cutter Cow Cutout:

201.80… +1.63

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CME Feeder Cattle Index for February 9th:

183.09… +0.56 / +0.31%

1 Year Change: +12.57%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 161.20… +0.38

April: 163.95… +0.33

June: 159.75…+0.23

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Feeder Cattle:

March: 186.40… -0.42

April: 190.67… -0.05

May: 194.55… -0.12

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April Lean Hogs: 83.32… Unchanged

March Crude Oil: 79.72… +1.66

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March Corn: 6.8050… +0.0975

March Wheat: 7.8600… +0.2875

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Grain Cash Bids:

Omaha Corn: 7.08… +0.08

Kansas City Wheat: 8.79… +0.30

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Financial Markets:

DJIA: 33,869.40… +168.86

S & P 500: 4,090.48… +8.88

NASDAQ: 11,718.12… -71.46

U.S. Dollar Index: 103.56… -0.34