Feb 05 2024

Texas Daily Ag Market News Summary Posted 294 days ago by Administrator Account

Daily Market Summary for February 5th

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

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Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade was at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 178.00. Last week in Kansas live FOB purchases traded from 178.00-179.00. Last week in Nebraska live FOB purchases from 176.00-178.75 and dressed delivered purchases traded at 280.00. Last week in the Western Cornbelt live FOB purchases from 177.00-179.00, with dressed delivered purchases at 280.00.

Negotiated Sales:

Confirmed:           55

Week Ago:       None

Year Ago:              33

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,700

Weighted avg. weight:         859.00

Weighted avg. net price:     279.02

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           125,000

Year Ago             118,500

Week to Date     125,000

Last Week          125,000

Last Year            118,000 

Friday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 293.48… +0.40

Select:  283.77… +0.30

Choice/Select Spread: 9.71

Total Load Count: 85

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Cutter Cow Cutout:

227.34… -2.42

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CME Feeder Cattle Index for February 2nd:

239.48… +0.31 / +0.13%

1 Year Change: +32.10%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 179.72… -0.83

April: 182.35… -1.40

June: 180.47… -1.30

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Feeder Cattle:

March: 242.75… -2.05

April: 248.25… -1.95

May: 253.32… -1.95

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April Lean Hogs: 82.20… -1.62

March Crude Oil: 72.78… +0.50

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March Corn: 4.4275… Unchanged

March Wheat: 5.9025… -0.0925

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Grain Cash Bids:

Omaha Corn: 4.58… +0.02

Kansas City Wheat: 5.53… -0.09

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Financial Markets:

DJIA: 38,378.80… -275.03

S & P 500: 4,942.77… +15.80

NASDAQ: 15,597.68… -31.27

U.S. Dollar Index: 104.44… +0.52