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Feb
05
2020

Texas Daily Ag Market News Summary

Posted 20 days ago ago by Administrator Account

Daily Market Summary for February 5th

 The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information! 
  
Slaughter Cattle:
As of 3:00 PM Wednesday, 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:     876
Week Ago:      893
Year Ago:     1,554
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 17,400
Weighted avg. weight:       880 lbs.
Weighted avg. net price:   196.55
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)              122,000
Week ago (est)                  123,000
Year ago (act)                    121,000
Week to Date                     365,000
Same Period Last Week    362,000
Same Period Last year      358,000
Previous Day (est)
Steers & Heifers:  98,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady to firm on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to firm while loin cuts weak to lower. Choice rib cuts steady while Select higher. Beef trimmings sharply lower on light demand and moderate offerings.
Cutout Values:
Choice: 210.72… -0.21
Select:  207.94… +0.43
Choice/Select Spread: 2.78
Total Load Count: 133
     
Cutter Cow Cutout:
184.51… -2.62
    
CME Feeder Cattle Index:
141.43… -0.31
    
Futures…
Live Cattle:
February: 120.75… -0.87
April: 119.17… -1.48
June: 110.82… -0.93
    
Feeder Cattle:
March: 135.67… -1.83
April: 137.25… -1.67
May: 139.55… -1.75
      
April Hogs: 61.87… -0.45
February Crude Oil: 50.75… +1.14
    
March Corn: 3.8075… -0.0150
March Soybeans: 8.8000… +0.0050
March Wheat: 5.6200… +0.0475
    
Grain Cash Bids:
Kansas City Corn: 3.93… Unchanged
Kansas City Soybeans: 8.78… +0.05
Kansas City Wheat: 5.62… +0.07
    
Financial Markets:
DJIA: 29,290.72… +482.82
S & P 500: 3,334.71… +37.08
NASDAQ: 9,508.68… +40.71
U.S. Dollar Index: 98.29… +0.33