Jan 03 2020

Texas Daily Ag Market News Summary Posted 4 years 111 days ago by Administrator Account

Daily Market Summary for January 3rd

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Slaughter Cattle:

As of 3:00 PM Friday, trade was moderate on moderate to good demand in all feeding regions. Compared to last week in Kansas live purchases traded 2.00 higher at 124.00. In Nebraska compared to last week, live purchases traded 2.00 higher at 124.00 with dressed purchases mostly 4.00 higher from 198.00-200.00, bulk at 199.00. In the Western Cornbelt compared to Thursday, a few live purchases traded mostly steady at 125.00. Dressed purchases compared to last week, traded 3.00-4.00 higher from 198.00-199.00.

    

Negotiated Sales:

Confirmed:      63,076

Week Ago:       25,781

Year Ago:         48,409

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 27,900

Weighted avg weight:       887 lbs.

Weighted avg net price:   196.62

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   122,000

Week ago (est)                  122,000

Year ago (act)                    119,000

Week to Date                    340,000

Same Period Last Week   462,000

Same Period Last year     385,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values steady on Choice and higher on Select on moderate to fairly good demand and heavy offerings. Select and Choice rib, round, and loin cuts steady to firm. Choice chuck cuts steady while Select higher. Beef trimmings sharply higher on good demand and moderate offerings.

 

Cutout Values:

Choice: 208.49… +0.24

Select:  205.39… +2.76

Choice/Select Spread: 3.10

Total Load Count:  127

    

Cutter Cow Cutout:

185.07... +1.00

   

CME Feeder Cattle Index:

142.48

   

Futures…

Live Cattle:

February: 124.72… -1.05

April: 125.67… -0.80

June: 117.67… -1.03

   

Feeder Cattle:

January: 143.35… -1.30

March: 143.67… -1.05

April: 145.52… -0.98

     

March Hogs: 68.55… -3.00

February Crude Oil: 63.05… +1.87

   

March Corn: 3.8650… -0.0500

March Soybeans: 9.4150… -0.1475

March Wheat: 5.5450… -0.0575

    

Grain Cash Bids:

Kansas City Corn: 3.94… -0.05

Kansas City Soybeans: 9.25… -0.12

Kansas City Wheat: 5.47… -0.06

   

Financial Markets:

Dow Jones: 28,634.88… -233.92

S & P 500: 3,234.85… -23.02

NASDAQ: 9,020.77… -71.42

U.S. Dollar Index: 96.89… +0.04