Jan 23 2020

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

Daily Market Summary for January 23rd

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 Thursday, trade was light to moderate on moderate demand in Nebraska and the Western Cornbelt. Compared to Wednesday in Nebraska live and dressed purchases traded steady at 124.00 and 199.00 respectively. In the Western Cornbelt compared to Wednesday, live purchases traded steady at 125.00. Compared to last week, dressed purchases traded steady to .50 higher from 198.00-199.50. Trade was limited on light to moderate demand in the Southern Plains with a few live purchases steady compared to Wednesday at 124.00.

   

Negotiated Sales:

Confirmed:     30,385

Week Ago:      59,211

Year Ago:             989

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 27,300

Weighted avg weight:       870 lbs.

Weighted avg net price:   200.24

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   122,000

Week ago (est)                  122,000

Year ago (act)                    117,000

Week to Date                    490,000

Same Period Last Week   488,000

Same Period Last year     466,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values firm on Choice and lower on Select on light to moderate demand and offerings. Select and Choice rib and loin cuts steady to firm while chuck and round cuts steady to weak. Beef trimmings generally steady on light demand and offerings.

 

Cutout Values:

Choice: 215.32… +0.36

Select:  211.20… -0.82

Choice/Select Spread: 4.12

Total Load Count:  119

    

Cutter Cow Cutout:

187.18… +0.42

   

CME Feeder Cattle Index:

144.86… -0.31

   

Futures…

Live Cattle:

February: 124.67… -1.50

April: 124.17… -2.60

June: 116.32… -2.13

   

Feeder Cattle:

January: 142.77… -1.15

March: 140.52… -2.53

April: 143.47… -2.55

     

March Hogs: 68.50… +0.95

February Crude Oil: 55.59… -1.15

   

March Corn: 3.9375… +0.0500

March Soybeans: 9.0950… -0.0425

March Wheat: 5.8050… +0.0275

   

Grain Cash Bids:

Kansas City Corn: 4.03… +0.05

Kansas City Soybeans: 8.97… Unchanged

Kansas City Wheat: 5.73… +0.03

   

Financial Markets:

DJIA: 29,159.82… -27.00

S & P 500: 3,325.50… +3.69

NASDAQ: 9,402.48… +18.71

U.S. Dollar Index: 97.69… +0.16