Jan 27 2020

Texas Daily Ag Market News Summary Posted 4 years 91 days ago by Administrator Account

Daily Market Summary for January 27th

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 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. Dressed purchases in Nebraska last week traded at 199.00. In the Western Cornbelt last week, live purchases traded from 124.00-126.00, bulk from 124.00-125.00 with dressed purchases mostly from 198.00-199.00, with a few up to 199.50.

   

Negotiated Sales:

Confirmed:     191

Week Ago:      199

Year Ago:      None

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 32,100

Weighted avg. weight:       878 lbs.

Weighted avg. net price:   197.95

        

Cattle Slaughter under Federal Inspection:

Monday (est)                    122,000

Week ago (est)                  122,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  21,000

Cows & Bulls:        14,000

                                                                                                               

Boxed Beef:

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

 

Cutout Values:

Choice: 213.59… -0.93

Select:  210.50… -0.20

Choice/Select Spread: 3.09

Total Load Count:  104

    

Cutter Cow Cutout:

187.08… +0.13

   

CME Feeder Cattle Index:

144.30… -0.54

   

Futures…

Live Cattle:

February: 122.25… -2.60

April: 121.30… -3.00

June: 113.02… -3.00

   

Feeder Cattle:

January: 141.90… +0.05

March: 135.17… -4.50

April: 138.00… -4.50

     

March Hogs: 65.95… -1.27

February Crude Oil: 53.14… -1.05

   

March Corn: 3.8050… -0.0675

March Soybeans: 8.9725… -0.0475

March Wheat: 5.7225… -0.0125

   

Grain Cash Bids:

Kansas City Corn: 3.91… -0.05

Kansas City Soybeans: 8.83… -0.07

Kansas City Wheat: 5.62… -0.04

   

Financial Markets:

DJIA: 28,535.05… -454.68

S & P 500: 3,243.48… -51.97

NASDAQ: 9,139.31… -175.60

U.S. Dollar Index: 97.94… +0.09