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Feb
07
2024

Texas Daily Ag Market News Summary

Posted 164 days ago by Administrator Account

Daily Market Summary for February 7th

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 Wednesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. 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:          331

Week Ago:        1,036

Year Ago:          5,515

Formula Net - Dressed Steers & Heifers:

Head count priced today:  22,400

Weighted avg. weight:        864.00

Weighted avg. net price:    285.33

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           127,000

Year Ago             123,400

Week to Date     376,000

Last Week          379,000

Last Year            367,300 

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 294.98… +0.91

Select:  285.42… +0.82

Choice/Select Spread: 9.56

Total Load Count: 154

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Cutter Cow Cutout:

232.87… +0.59

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CME Feeder Cattle Index for February 6th:

240.62… +1.04 / +0.43%

1 Year Change: +32.04%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 182.22… -0.78

April: 184.80… -1.27

June: 182.20… -0.92

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Feeder Cattle:

March: 245.55… -1.12

April: 251.20… -0.50

May: 255.90… -0.42

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April Lean Hogs: 81.10… -0.15

March Crude Oil: 73.86… +0.55

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March Corn: 4.3425… -0.0450

March Wheat: 6.0200… +0.0700

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Grain Cash Bids:

Omaha Corn: 4.49… -0.04

Kansas City Wheat: 5.55… +0.01

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Financial Markets:

DJIA: 38,678.15… 156.79

S & P 500: 4,995.09… +40.86

NASDAQ: 15,756.64… +147.64

U.S. Dollar Index: 104.07… -0.14






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