Jan 21 2020

Texas Daily Ag Market News Summary Posted 4 years 88 days ago by Administrator Account

Daily Market Summary for January 21st

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 Tuesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Nebraska live cash trades moved at 124.00 and dressed cash trades, in Nebraska, moved at mostly 199.00. For the prior week in the Western Cornbelt live cash trades moved from 123.00-125.00 and dressed cash trades moved from 198.00-199.00.

   

Negotiated Sales:

Confirmed:          256

Week Ago:           234

Year Ago:          2,080

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 15,600

Weighted avg weight:       880 lbs.

Weighted avg net price:   197.54

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    123,000

Week ago (est)                  123,000

Year ago (act)                    117,000

Week to Date                    245,000

Same Period Last Week   244,000

Same Period Last year     233,000

Previous Day (est)

Steers & Heifers:  98,000

Cows & Bulls:        24,000

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

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

 

Cutout Values:

Choice: 214.51… -0.13

Select:  213.47… -0.01

Choice/Select Spread: 1.04

Total Load Count:  115

    

Cutter Cow Cutout:

187.01… +0.01

   

CME Feeder Cattle Index:

145.46… -0.23

   

Futures…

Live Cattle:

February: 126.37… +0.02

April: 127.22… -0.03

June: 119.17… -0.03

   

Feeder Cattle:

January: 145.07… -0.28

March: 144.67… -0.33

April: 147.55… -0.32

     

March Hogs: 67.35… -0.32

February Crude Oil: 58.34… -0.20

   

March Corn: 3.8750… -0.0175

March Soybeans: 9.1600… -0.1375

March Wheat: 5.8150… +0.1100

   

Grain Cash Bids:

Kansas City Corn: 3.97… -0.02

Kansas City Soybeans: 9.00… -0.16

Kansas City Wheat: 5.74… +0.11

   

Financial Markets:

DJIA: 29,196.04… -151.65

S & P 500: 3,320.79… -8.69

NASDAQ: 9,370.81… -18.13

U.S. Dollar Index: 97.59… -0.02