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Jan
13
2020
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Posted 1 years 179 days ago ago by Administrator Account
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Daily Market Summary for January 13th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains and Nebraska at 124.00, with dressed purchases in Nebraska at 200.00. Last week in the Western Cornbelt, live purchases traded from 124.00-126.00 with dressed purchases mostly at 200.00.
Negotiated Sales:
Confirmed: 479
Week Ago: 180
Year Ago: 202
Formula Net
Dressed Steers & Heifers:
Head count priced today: 32,900
Weighted avg weight: 868 lbs.
Weighted avg net price: 198.37
Cattle Slaughter under Federal Inspection:
Monday (est) 121,000
Week ago (est) 121,000
Year ago (act) 119,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 26,000
Boxed Beef:
Boxed beef cutout values firm to higher on moderate to good demand and moderate offerings. Select and Choice rib cuts steady while round and loin cuts firm. Choice chuck cuts steady while Select higher. Beef trimmings sharply higher on good demand and light offerings.
Cutout Values:
Choice: 210.55… +0.51
Select: 208.23…+1.68
Choice/Select Spread: 2.32
Total Load Count: 118
Cutter Cow Cutout:
186.10… +0.90
CME Feeder Cattle Index:
144.46… -0.35
Futures…
Live Cattle:
February: 126.55… -0.87
April: 127.52… -0.43
June: 119.50… -0.27
Feeder Cattle:
January: 146.02… -1.58
March: 145.85… -1.60
April: 148.80… -1.52
March Hogs: 65.90… -1.35
February Crude Oil: 58.08… -0.96
March Corn: 3.8950… +0.0375
March Soybeans: 9.4250… -0.0350
March Wheat: 5.6225… -0.0225
Grain Cash Bids:
Kansas City Corn: 3.97… +0.04
Kansas City Soybeans: 9.23… -0.05
Kansas City Wheat: 5.55… -0.02
Financial Markets:
Dow Jones: 28,906.17… +82.74
S & P 500: 3,288.10… +22.77
NASDAQ: 9,273.93… +95.07
U.S. Dollar Index: 97.36… Unchanged