Feb 18 2020

Texas Daily Market News Summary Posted 4 years 60 days ago by Administrator Account

Daily Market Summary for February 18th

  

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 all major feeding regions. Last week in all major feeding regions live cash trades moved at 119.00. Last week in Nebraska and Western Cornbelt dressed cash trades moved at 190.00.

    

Negotiated Sales:

Confirmed:         443

Week Ago:       3,669

Year Ago:            382

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32,100

Weighted avg. weight:       880 lbs.

Weighted avg. net price:   195.04

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    123,000

Week ago (est)                  122,000

Year ago (act)                    116,000

Week to Date                    230,000

Same Period Last Week   241,000

Same Period Last year     215,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values lower on Choice and sharply lower on Select on light demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to weak while chuck cuts lower. Beef trimmings sharply lower on moderate demand and offerings.

Cutout Values:

Choice: 206.13… -1.13

Select:  203.73… -2.45

Choice/Select Spread: 2.40

Total Load Count: 128

     

Cutter Cow Cutout:

182.86… -0.20

    

CME Feeder Cattle Index:

140.72… +0.12

    

Futures…

Live Cattle:

February: 121.42… +0.60

April: 120.60… +0.28

June: 112.20… +0.20

    

Feeder Cattle:

March: 139.30… +0.78

April: 141.77… +0.40

May: 143.77… +0.57

      

April Hogs: 65.50… +1.20

February Crude Oil: 52.05… Unchanged

    

March Corn: 3.8300… +0.0525

March Soybeans: 8.9225… -0.0150

March Wheat: 5.6675… +0.2400

    

Grain Cash Bids:

Kansas City Corn: 3.97… +0.05

Kansas City Soybeans: 8.95… -0.01

Kansas City Wheat: 5.59… +0.24

    

Financial Markets:

DJIA: 29,232.39… -165.35

S & P 500: 3,370.33… -9.76

NASDAQ: 9,732.74… +1.56

U.S. Dollar Index: 99.45… +0.45