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Feb
13
2020

Texas Daily Ag Market News Summary

Posted 12 days ago ago by Administrator Account

    Daily Market Summary for February 13th

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!

 
Slaughter Cattle:
As of 3:00 PM Thursday, trade is light on light to moderate demand in Nebraska and the Western Cornbelt. Compared to Wednesday, dressed purchases in both regions traded steady at 190.00. Not enough live purchases for an adequate market test. On Wednesday live purchases in Nebraska and the Western Cornbelt traded at 119.00. Trade was mostly inactive on light demand in the Southern Plains. The latest established market was on Wednesday with live purchases mostly at 119.00.
    
Negotiated Sales:
Confirmed:  16,726
Week Ago:        801
Year Ago:       2,759
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 26,100
Weighted avg. weight:       877 lbs.
Weighted avg. net price:   194.44
         
Cattle Slaughter under Federal Inspection:
Thursday (est)                   121,000
Week ago (est)                  121,000
Year ago (act)                    119,000
Week to Date                    482,000
Same Period Last Week   486,000
Same Period Last year     467,000
Previous Day (est)
Steers & Heifers:  94,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady on Choice and lower on Select on light to moderate demand and offerings. Select and Choice chuck, round, and loin cuts steady to firm. Choice rib cuts steady while Select lower. Beef trimmings moderately to sharply lower on light demand and heavy offerings.
Cutout Values:
Choice: 206.45… +0.14
Select:  203.79… -1.51
Choice/Select Spread: 2.66
Total Load Count: 131
     
Cutter Cow Cutout:
181.08… -0.10
    
CME Feeder Cattle Index:
140.98
    
Futures…
Live Cattle:
February: 119.45… +0.50
April: 118.52… +0.67
June: 110.62… +0.70
    
Feeder Cattle:
March: 136.32… +1.27
April: 138.95… +1.78
May: 140.82… +1.77
      
April Hogs: 64.07… +0.30
February Crude Oil: 51.42… +0.25
    
March Corn: 3.7950… -0.0350
March Soybeans: 8.9625… +0.0375
March Wheat: 5.4425… -0.0325
    
Grain Cash Bids:
Kansas City Corn: 3.94… -0.03
Kansas City Soybeans: 8.99… +0.04
Kansas City Wheat: 5.37… -0.03
    
Financial Markets:
DJIA: 29,423.73… -127.69
S & P 500: 3,374.06… -5.39
NASDAQ: 9,711.97… -13.99
U.S. Dollar Index: 99.08… +0.03