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Feb
09
2024

Texas Daily Ag Market News Summary

Posted 135 days ago by Administrator Account

Daily Market Summary for February 9th

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 Friday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded at 178.00. In Kansas negotiated cash trade has been slow on light demand. Last week live FOB purchases traded from 178.00-179.00. In Nebraska negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded 1.25-4.00 higher at 180.00, on a light test. Last week dressed delivered purchases traded at 280.00. In the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. Compared to last week dressed delivered purchases traded 5.00 higher at 285.00, on a light test. There have been a few early live FOB purchases at 180 however not enough purchases for a market test. Last week live FOB purchases from 177.00-179.00.

Negotiated Sales:

Confirmed:      11,169

Week Ago:         5,702

Year Ago:         24,528

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,700

Weighted avg. weight:         870.00

Weighted avg. net price:     284.77

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Cattle Slaughter under Federal Inspection

Friday                  117,000

Week Ago           121,000

Year Ago             122,400

Week to Date     618,000

Last Week          626,000

Last Year            613,400 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 294.04… -0.97

Select:  285.08… +0.96

Choice/Select Spread: 8.96

Total Load Count: 105

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Cutter Cow Cutout:

233.89… -1.68

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CME Feeder Cattle Index for February 8th:

242.11… +1.49 / +0.62%

1 Year Change: +32.82%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 184.62… +0.85

April: 186.72… +0.15

June: 183.97… +0.25

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Feeder Cattle:

March: 247.15… +0.30

April: 251.77… -0.15

May: 255.67… -0.63

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April Lean Hogs: 81.22… +0.87

March Crude Oil: 76.84… +0.62

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March Corn: 4.2875… -0.0450

March Wheat: 5.9675… +0.0825

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Grain Cash Bids:

Omaha Corn: 4.45… -0.03

Kansas City Wheat: 5.41… +0.02

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Financial Markets:

DJIA: 38,631.30… -54.96

S & P 500: 5,026.52… +28.56

NASDAQ: 15,990.66… +196.95

U.S. Dollar Index: 104.08… -0.09


 






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