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Feb
12
2020

Texas Daily Market News Summary

Posted 13 days ago ago by Administrator Account

Daily Market Summary for February 12th

    

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



Slaughter Cattle:
As of 3:00 PM Wednesday, trade and demand were moderate in the Southern Plains. Compared to Tuesday, live purchases traded mostly steady from 118.00-119.00, bulk at 119.00. In Nebraska trade was light on moderate demand. Compared to Tuesday a few live purchases traded steady at 119.00. The latest established dressed market in Nebraska was last week, mostly at 193.00. Trade was very light on light to moderate demand in the Western Cornbelt. The latest established market in the Western Cornbelt was last week with live purchases traded from 121.00-122.00 with dressed purchases mostly at 193.00.
    
Negotiated Sales:
Confirmed:  20,812
Week Ago:        876
Year Ago:       3,086
     
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:
Wednesday (est)              120,000
Week ago (est)                  122,000
Year ago (act)                    109,000
Week to Date                    361,000
Same Period Last Week   348,000
Same Period Last year     348,000
Previous Day (est)
Steers & Heifers:  96,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values lower on Choice and higher on Select on light to moderate demand and moderate offerings. Select and Choice rib and round cuts steady to firm while chuck cuts steady to weak. Choice loin cuts lower while Select steady. Beef trimmings unevenly steady on light demand and offerings.
Cutout Values:
Choice: 206.31… -1.52
Select:  205.30… +0.77
Choice/Select Spread: 1.01
Total Load Count: 124
     
Cutter Cow Cutout:
180.98… -4.69
    
CME Feeder Cattle Index:
140.67
    
Futures…
Live Cattle:
February: 118.95… -0.12
April: 117.85… +0.68
June: 109.92… +0.80
    
Feeder Cattle:
March: 135.05… +0.38
April: 137.17… +0.45
May: 139.05… +0.58
      
April Hogs: 63.77… -0.45
February Crude Oil: 51.17… +1.23
    
March Corn: 3.8300… +0.0325
March Soybeans: 8.9250… +0.0775
March Wheat: 5.4750… +0.0550
    
Grain Cash Bids:
Kansas City Corn: 3.97… +0.03
Kansas City Soybeans: 8.95… +0.10
Kansas City Wheat: 5.40… +0.05
    
Financial Markets:
DJIA: 29,551.42… +275.15
S & P 500: 3,379.45… -21.69
NASDAQ: 9,725.96… +87.02
U.S. Dollar Index: 99.00… +0.28