(800)-Tell-TDA
835-5832
Feb
04
2020

Texas Daily Market News Summary

Posted 21 days ago ago by Administrator Account

Daily Market Summary for February 4th

    

The Daily Market News Report is brought to you by The Cattle Range. 


Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. 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 122.00. In Nebraska dressed cash trades moved at 195.00 for the prior week. In the Western Cornbelt for the previous week live cash trades moved from 122.00-123.00 and the bulk of dressed cash trades moved from 194.00-195.00.
    
Negotiated Sales:
Confirmed:     170
Week Ago:      289
Year Ago:        919
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 21,900
Weighted avg. weight:       889 lbs.
Weighted avg. net price:   200.31
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                     122,000
Week ago (est)                  117,000
Year ago (act)                    119,000
Week to Date                    243,000
Same Period Last Week   239,000
Same Period Last year     237,000
Previous Day (est)
Steers & Heifers:  98,000
Cows & Bulls:        23,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady to weak on light to moderate demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to firm while chuck cuts weak to lower. Beef trimmings mostly sharply lower on light demand and light to moderate offerings.
Cutout Values:
Choice: 210.93… -0.63
Select:  207.51… +0.09
Choice/Select Spread: 3.42
Total Load Count: 97
     
Cutter Cow Cutout:
187.13… -0.20
    
CME Feeder Cattle Index:
141.98
    
Futures…
Live Cattle:
February: 121.62… -0.05
April: 120.65… -0.07
June: 111.75… -0.25
    
Feeder Cattle:
March: 137.50… +0.85
April: 138.92… +0.57
May: 141.30… +0.50
      
April Hogs: 62.32… -0.40
February Crude Oil: 49.61... -0.50
    
March Corn: 3.8225… +0.0350
March Soybeans: 8.7950… +0.0250
March Wheat: 5.5725… +0.0175
    
Grain Cash Bids:
Kansas City Corn: 3.93… +0.03
Kansas City Soybeans: 8.69… -0.02
Kansas City Wheat: 5.55… +0.02
    
Financial Markets:
DJIA: 28,807.90… +408.83
S & P 500: 3,297.63… +48.76
NASDAQ: 9,467.97… +194.57
U.S. Dollar Index: 97.95… +0.15