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Feb
20
2024

Texas Daily Ag Market News Summary

Posted 56 days ago by Administrator Account

Daily Market Summary for February 20th

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 the Southern Plains, negotiated cash trade has been at a standstill. In the Western Cornbelt and Nebraska negotiated cash trade has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 180.00. Last week in Nebraska live FOB purchases traded at 181.00, with dressed delivered purchases at 287.00. Last week in the Western Cornbelt live FOB purchases traded at 180.00, with dressed delivered purchases at 285.00.

Negotiated Sales:

Confirmed:            218

Week Ago:             624

Year Ago:            1,591

Formula Net - Dressed Steers & Heifers:

Head count priced today:    29,900

Weighted avg. weight:         873.00

Weighted avg. net price:     292.63

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           125,000

Year Ago             126,175

Week to Date     229,000

Last Week          240,000

Last Year            228,035

Monday

Steers & Heifers:  78,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 297.37… +0.28

Select:  287.82… +0.42

Choice/Select Spread: 9.55

Total Load Count: 110

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Cutter Cow Cutout:

236.32… +0.01

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CME Feeder Cattle Index for February 19th:

242.65… -1.93 / -0.79%

1 Year Change: +32.89%

52 Week Range: 182.21 to 254.09

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Futures Settlements… Friday’s Closes

Live Cattle:

February: 184.40… -0.37

April: 187.32… -0.23

June: 182.95… +0.13

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Feeder Cattle:

March: 251.37… +0.35

April: 255.35… +1.80

May: 258.12… +2.50

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April Lean Hogs: 85.67… +0.45

March Crude Oil: 78.18… -1.01

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March Corn: 4.1875… -0.0250

March Wheat: 5.8275… +0.2225

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Grain Cash Bids:

Omaha Corn: 4.33… +0.02

Kansas City Wheat: 5.18… 0.18

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Financial Markets:

DJIA: 38,589.20… -58.20

S & P 500: 4,975.87… -29.68

NASDAQ: 15,630.78… -144.87

U.S. Dollar Index: 104.04… -0.25






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