Feb 04 2020

Texas Daily Market News Summary Posted 4 years 82 days ago by Administrator Account

Daily Market Summary for February 4th

    

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

Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information!

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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