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Mar
03
2020
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Posted 1 years 129 days ago ago by Administrator Account
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Daily Market Summary for March 3rd
The Daily Market News Report is brought to you by The Cattle Range.
Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Nebraska live cash trades moved mostly at 115.00 and dressed cash trades, in Nebraska, moved from 185.00-187.00. For the prior week in the Western Cornbelt live cash trades ranged from 112.00-117.00 and dressed cash trades ranged from 180.00-187.00.
Negotiated Sales:
Confirmed: 39
Week Ago: 13,246
Year Ago: 1,253
Formula Net
Dressed Steers & Heifers:
Head count priced today: 27,400
Weighted avg. weight: 869 lbs.
Weighted avg. net price: 193.23
Cattle Slaughter under Federal Inspection:
Tuesday (est) 124,000
Week ago (est) 124,000
Year ago (act) 121,000
Week to Date 245,000
Same Period Last Week 242,000
Same Period Last year 238,000
Previous Day (est)
Steers & Heifers: 97,000
Cows & Bulls: 24,000
Boxed Beef:
Boxed beef cutout values higher on Select and steady on Choice with moderate demand and light to moderate offerings. Select rib, chuck, round and loin cuts firm to higher, while Choice generally steady.
Cutout Values:
Choice: 206.62… +0.09
Select: 202.70… +1.54
Choice/Select Spread: 3.92
Total Load Count: 155
Cutter Cow Cutout:
175.63… -0.07
CME Feeder Cattle Index for March 2nd:
134.00… +0.48
Futures…
Live Cattle:
April: 110.10… -0.05
June: 103.37… -0.60
August: 103.55… -0.80
Feeder Cattle:
March: 133.52… -0.20
April: 133.77… -1.28
May: 134.05… -1.92
April Hogs: 63.55… +0.75
April Crude Oil: 47.18… +0.43
May Corn: 3.8125… +0.0575
May Soybeans: 9.0350… +0.0250
May Wheat: 5.2725… +0.0400
Grain Cash Bids:
Kansas City Corn: 3.87
Kansas City Soybeans: 8.95
Kansas City Wheat: 5.16
Financial Markets:
DJIA: 25,914.49… -791.68
S & P 500: 3,003.10… -87.42
NASDAQ: 8,684.09… -268.08
U.S. Dollar Index: 97.14… -0.22