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Mar
09
2020
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Posted 1 years 123 days ago ago by Administrator Account
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Daily Market Summary for March 9th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Monday, negotiated cash trade was limited on light to moderate demand in Nebraska and the Western Cornbelt. Both regions had early purchases mostly at 110.00 and 175.00, however not enough for an adequate market test. Trade was inactive on light demand in the Southern Plains. The latest established market in any feeding regions was last week with live purchases in the Southern Plains and Nebraska at 113.00. Dressed purchases last week in Nebraska traded from 180.00-182.00. Last week in the Western Cornbelt live purchases traded from 112.00-115.00 with dressed purchases from 180.00-182.00.
Negotiated Sales:
Confirmed: 4,743
Week Ago: 219
Year Ago: 83
Formula Net
Dressed Steers & Heifers:
Head count priced today: 47,500
Weighted avg. weight: 863 lbs.
Weighted avg. net price: 184.28
Cattle Slaughter under Federal Inspection:
Monday (est) 122,000
Week ago (est) 121,000
Year ago (act) 120,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 24,000
Boxed Beef:
Boxed beef cutout values generally steady on light demand and offerings. Select and Choice rib weak while chuck, round, and loin steady to firm.
Cutout Values:
Choice: 207.36… -0.11
Select: 202.32… -0.25
Choice/Select Spread: 5.04
Total Load Count: 92
Cutter Cow Cutout:
173.64… -0.85
CME Feeder Cattle Index for March 6th:
134.82… +0.95
Futures…
Live Cattle:
April: 102.85… -2.90
June: 97.10… -2.92
August: 98.07… -3.00
Feeder Cattle:
March: 126.20… -4.50
April: 125.55… -4.50
May: 126.65… -4.50
April Hogs: 63.00… -2.92
April Crude Oil: 31.13… -10.15
May Corn: 3.7275… -0.0325
May Soybeans: 8.7000… -0.2125
May Wheat: 5.1875… +0.0300
Grain Cash Bids:
Kansas City Corn: 3.86… -0.02
Kansas City Soybeans: 8.63… -0.23
Kansas City Wheat: 5.11… +0.03
Financial Markets:
DJIA: 23,850.36… -2,014.69
S & P 500: 2,746.24… -226.16
NASDAQ: 7,950.68… -624.94
U.S. Dollar Index: 94.95… -1.00