Feb 20 2020

Texas Daily Market News Summary Posted 4 years 67 days ago by Administrator Account

Daily Market Summary for February 20th

  

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Slaughter Cattle:

As of 3:00 PM Thursday, in Nebraska saw negotiated cash trading moderate on moderate demand. Compared to last week live cash trades moved steady to 1.00 higher from 119.00 to 120.00 and dressed cash trades moved steady at 190.00. In the Southern Plains negotiated cash trading was limited on light demand. A few live cash trades moved in Kansas at 120.00. The last fully reported market was Wednesday with live cash trades at 120.00. So far for Thursday in the Western Cornbelt saw negotiated cash trading limited on moderate demand. However, not enough trades for a full market trend. For last week in the Western Cornbelt live cash trades moved at 119.00 and dressed cash trades moved at 190.00.

    

Negotiated Sales:

Confirmed:     26,683

Week Ago:      16,726

Year Ago:            154

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,600

Weighted avg. weight:       877 lbs.

Weighted avg. net price:   193.58

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                   122,000

Week ago (est)                  121,000

Year ago (act)                    115,000

Week to Date                    474,000

Same Period Last Week   482,000

Same Period Last year     439,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 204.50… -1.07

Select:  201.60… -0.16

Choice/Select Spread: 2.90

Total Load Count: 177

     

Cutter Cow Cutout:

178.15… -6.02

    

CME Feeder Cattle Index:

141.10

    

Futures…

Live Cattle:

February: 120.10… -1.20

April: 119.15… -1.65

June: 110.92… -1.38

    

Feeder Cattle:

March: 140.80… +0.03

April: 142.52… -0.50

May: 143.57… -0.80

      

April Hogs: 66.87… -0.70

February Crude Oil: 53.78… +0.49

    

March Corn: 3.7850… -0.0200

March Soybeans: 8.9275… -0.0450

March Wheat: 5.6000… -0.0525

    

Grain Cash Bids:

Kansas City Corn: 3.93… -0.02

Kansas City Soybeans: 8.95… -0.05

Kansas City Wheat: 5.53… -0.05

    

Financial Markets:

DJIA: 29,219.98… -128.05

S & P 500: 3,373.23… -12.92

NASDAQ: 9,750.97… -66.21

U.S. Dollar Index: 99.87… +0.16