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Feb
10
2020

Texas Daily Ag Market News Summary

Posted 15 days ago ago by Administrator Account

Daily Market Summary for February 10th

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 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 121.00. Dressed purchases last week in Nebraska traded mostly at 193.00. Last week in the Western Cornbelt, live purchases traded from 121.00-122.00 with dressed purchases mostly at 193.00.
    
Negotiated Sales:
Confirmed:  230
Week Ago:   430
Year Ago:     169
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 35,900
Weighted avg. weight:       869 lbs.
Weighted avg. net price:   194.15
         
Cattle Slaughter under Federal Inspection:
Monday (est)                     119,000
Week ago (est)                  121,000
Year ago (act)                    118,000
Previous Day (est)
Steers & Heifers:  90,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values lower on Choice and steady on Select on light to moderate demand and moderate to heavy offerings. Select and Choice chuck, round, and loin cuts steady to weak. Choice Rib cuts weak while Select firm. Beef trimmings sharply lower on light demand and offerings.
Cutout Values:
Choice: 208.91… -1.21
Select:  203.70… -0.19
Choice/Select Spread: 5.21
Total Load Count: 99
     
Cutter Cow Cutout:
185.73… +1.34
    
CME Feeder Cattle Index:
140.63
    
Futures…
Live Cattle:
February: 120.30… -1.02
April: 118.67… -1.13
June: 110.45… -0.82
    
Feeder Cattle:
March: 135.70… +0.50
April: 137.52… +0.02
May: 139.45… -0.12
      
April Hogs: 65.07… -1.18
February Crude Oil: 49.57… -0.75
    
March Corn: 3.8175… -0.0175
March Soybeans: 8.8425… +0.0225
March Wheat: 5.5200… -0.0675
    
Grain Cash Bids:
Kansas City Corn: 3.96… Unchanged
Kansas City Soybeans: 8.84… +0.02
Kansas City Wheat: 5.45… -0.07
    
Financial Markets:
DJIA: 29,276.78… +173.95
S & P 500: 3,352.10… +24.41
NASDAQ: 9,628.39… +107.88
U.S. Dollar Index: 98.85… +0.17