|
Jan
14
2020
|
|
Posted 1 years 178 days ago ago by Administrator Account
|
|
Daily Market Summary for January 14th
The Daily Market News Report is brought to you by The Cattle Range.
Slaughter Cattle:
As of 3:00 PM Tuesday, 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: 234
Week Ago: 1,094
Year Ago: 268
Formula Net
Dressed Steers & Heifers:
Head count priced today: 34,600
Weighted avg weight: 874 lbs.
Weighted avg net price: 200.38
Cattle Slaughter under Federal Inspection:
Tuesday (est) 121,000
Week ago (est) 121,000
Year ago (act) 119,000
Week to Date 598,000
Same Period Last Week 458,000
Same Period Last year 603,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 27,000
Boxed Beef:
Boxed beef cutout values higher on good demand and light to moderate offerings. Select and Choice round and loin cuts steady to firm while rib cuts firm to higher. Choice chuck cuts firm while Select weak. Beef trimmings mostly moderately lower on light demand and moderate offerings.
Cutout Values:
Choice: 212.76… +2.21
Select: 210.30… +2.07
Choice/Select Spread: 2.46
Total Load Count: 120
Cutter Cow Cutout:
187.03… +0.93
CME Feeder Cattle Index:
144.46 - Monday’s Index… Today’s Index not published as of 3:00 PM
Futures…
Live Cattle:
February: 126.85… +0.30
April: 127.87… +0.35
June: 119.72… +0.22
Feeder Cattle:
January: 145.90… -0.12
March: 145.72… -0.13
April: 148.65…-0.15
March Hogs: 67.67… +1.77
February Crude Oil: 58.23… +0.15
March Corn: 3.8900… -0.0050
March Soybeans: 9.4250… Unchanged
March Wheat: 5.6850… +0.0625
Grain Cash Bids:
Kansas City Corn: 3.97… Unchanged
Kansas City Soybeans: 9.23… Unchanged
Kansas City Wheat: 5.61… +0.06
Financial Markets:
Dow Jones: 28,928.86… +31.81
S & P 500: 3,282.93… -5.20
NASDAQ: 9,251.33… -22.60
U.S. Dollar Index: 97.38… +0.03