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03
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Texas Daily Ag Market News Summary

Posted 73 days ago ago by Administrator Account

Daily Market Summary for February 3rd

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 Wednesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains live purchases traded at 113.00. For the prior week in Nebraska live and dressed trades were from 112.00-113.00 and 178.00, respectively. For the previous week in the Western Cornbelt live purchases traded from 110.00-112.50 and dressed mostly at 178.00.

       

Negotiated Sales:

Confirmed:              572

Week Ago:            1,467

Year Ago:                893

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,500

Weighted avg. weight:       885 lbs.

Weighted avg. net price:    180.55

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                119,000

Week ago (est)                    119,000

Year ago (act)                      124,000

Week to Date                      354,000

Same Period Last Week     351,000

Same Period Last Year       365,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 235.28… -1.48

Select:  223.39… -1.65

Choice/Select Spread: 11.89

Total Load Count: 153

            

Cutter Cow Cutout:

179.36… -6.22

   

CME Feeder Cattle Index for February 2nd:

136.44… +0.04

            

Futures Settlements…

Live Cattle:

February: 115.47… -0.50

April: 122.45… -0.07

June: 119.47… +0.67

   

Feeder Cattle:

March: 138.52… -0.60

April: 141.82… -0.43

May: 144.32… -0.05

     

April Hogs: 79.20… +1.13

March Crude Oil: 55.69… +0.93

   

March Corn: 5.5200… +0.0900

March Wheat: 6.4825… +0.0350

   

Grain Cash Bids:

Kansas City Corn: 5.45… +0.09

Kansas City Wheat: 5.96… +0.07

   

Financial Markets:

DJIA: 30,723.01… +34.87

S & P 500: 3,830.13… +3.86

NASDAQ: 13,610.54… -2.24

U.S. Dollar Index: 91.12… -0.08