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Feb
06
2024

Texas Daily Ag Market News Summary

Posted 165 days ago by Administrator Account

Daily Market Summary for February 6th

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

 


Fed Cattle:

As of 3:00 PM Tuesday 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:       None

Week Ago:           456

Year Ago:             927

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,900

Weighted avg. weight:         865.00

Weighted avg. net price:     283.19

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           127,000

Year Ago             125,300

Week to Date     250,000

Last Week          252,000

Last Year            244,000 

Monday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 294.07… +0.59

Select:  284.60… +0.83

Choice/Select Spread: 9.47

Total Load Count: 107

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Cutter Cow Cutout:

232.28… +4.94

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CME Feeder Cattle Index for February 5th:

239.58… +0.10 / +0.04%

1 Year Change: +32.15%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 183.00… +3.28

April: 186.07… +3.72

June: 183.12… +2.65

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Feeder Cattle:

March: 246.67… +3.92

April: 251.70… +3.45

May: 256.32… +3.00

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April Lean Hogs: 81.25… -0.95

March Crude Oil: 73.31… +0.53

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March Corn: 4.3875… -0.0400

March Wheat: 5.9500… +0.0475

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Grain Cash Bids:

Omaha Corn: 4.53… -0.05

Kansas City Wheat: 5.54… +0.01

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Financial Markets:

DJIA: 38,480.72… +101.92

S & P 500: 4,949.55… +6.78

NASDAQ: 15,591.11… -6.57

U.S. Dollar Index: 104.16… -0.28






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