Jan 06 2020

Texas Daily Ag Market News Summary Posted 4 years 104 days ago by Administrator Account

Daily Market Summary for January 6th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in Kansas and the Western Cornbelt. In Nebraska negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in Kansas and Nebraska live cash trades moved at 124.00 and dressed trades, in Nebraska, moved mostly at 199.00. For the prior week in the Western Cornbelt live cash trades moved mostly from 124.00-125.00 and dressed trades moved mostly at 198.00.

   

Negotiated Sales:

Confirmed:            180

Week Ago:             118

Year Ago:               743

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 42,000

Weighted avg weight:       873 lbs.

Weighted avg net price:   194.67

        

Cattle Slaughter under Federal Inspection:

Monday (est)                    121,000

Week ago (est)                  118,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  68,000

Cows & Bulls:        16,000

                                                                                                               

Boxed Beef:

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

 

Cutout Values:

Choice: 209.65... +1.16

Select:  206.80... +1.41

Choice/Select Spread: 2.85

Total Load Count:  165

    

Cutter Cow Cutout:

184.22… +0.15

   

CME Feeder Cattle Index:

146.53… +1.66

   

Futures…

Live Cattle:

February: 127.27… +2.55

April: 128.10… +2.43

June: 119.45… +1.78

   

Feeder Cattle:

January: 147.42… +4.07

March: 146.35… +3.68

April: 148.72… +3.20

     

March Hogs: 68.62… +0.07

February Crude Oil: 63.27… +0.22

   

March Corn: 3.8475… -0.0175

March Soybeans: 9.4475… +0.0325

March Wheat: 5.5000… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 3.92… -0.02

Kansas City Soybeans: 9.28… +0.03

Kansas City Wheat: 5.43… -0.04

   

Financial Markets:

Dow Jones: 28,703.45… +68.57

S & P 500: 3,246.30… +11.45

NASDAQ: 9,071.47… +50.70

U.S. Dollar Index: 96.67… -0.17