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Feb
04
2021

Texas Daily Ag Market Summary

Posted 255 days ago ago by Administrator Account

Daily Market Summary for February 4th

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 Thursday in the Southern Plains, 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. So far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska a few early dressed purchases have traded at 180.00. However, not enough trades for a full market trend. For the prior week inNebraska live and dressed trades were from 112.00-113.00 and 178.00, respectively. In the Western Cornbelt dressed purchases, when compared to last week, traded steady to 2.00 higher from 178.00-180.00. A few live purchases traded 0.50-3.00 higher at 113.00. However, not enough live trades for a full market trend. For the previous week live purchases traded from 110.00-112.50.

   
Negotiated Sales:
Confirmed:         25,083
Week Ago:            6,048
Year Ago:            28,985
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  19,900
Weighted avg. weight:       900 lbs.
Weighted avg. net price:    180.95
         
Cattle Slaughter under Federal Inspection:
Thursday (est)                     116,000
Week ago (est)                    120,000
Year ago (act)                      122,000
Week to Date                      470,000
Same Period Last Week    471,000
Same Period Last Year      487,000
Previous Day (est)
Steers & Heifers:  92,000
Cows & Bulls:        27,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 234.25… -1.03
Select:  220.44… -2.95
Choice/Select Spread: 13.81
Total Load Count: 132
             
Cutter Cow Cutout:
179.70… +0.34
    
CME Feeder Cattle Index for February 3rd:
136.27… -0.17
             
Futures Settlements…
Live Cattle:
February: 116.45… +0.98
April: 123.75… +1.30
June: 120.20… +0.73
    
Feeder Cattle:
March: 139.50… +0.98
April: 142.67… +0.85
May: 145.07… +0.75
      
April Hogs: 79.30… +0.10
March Crude Oil: 56.23… +0.54
    
March Corn: 5.5000… -0.0200
March Wheat: 6.3750… -0.1075
    
Grain Cash Bids:
Kansas City Corn: 5.43… -0.02
Kansas City Wheat: 5.89… -0.07
    
Financial Markets:
DJIA: 31,056.19… +333.18
S & P 500: 3,871.74… +41.61
NASDAQ: 13,777.74… +167.20
U.S. Dollar Index: 91.53… +0.36