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Feb
05
2021

Texas Daily AG Market Summary

Posted 254 days ago ago by Administrator Account

Daily Market Summary for February 5th

   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 Friday in the Southern Plains, negotiated cash trading and demand have been moderate. Compared to last week live purchases traded mostly 1.00 higher at 114.00. In Nebraska negotiated cash trading has been slow to moderate with moderate demand. Compared to last week live purchases traded steady to 1.00 higher from 112.00-114.00, mostly at 114.00. Not enough dressed purchases for a market trend. On Thursday dressed traded from 178.00-180.00. So far for Friday in the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Thursday was the last reported market with live purchases from 112.00-114.00 and dressed purchases from 178.00-180.00.
        
Negotiated Sales:
Confirmed:         41,015
Week Ago:          29,471
Year Ago:            15,617
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  13,600
Weighted avg. weight:       896 lbs.
Weighted avg. net price:    180.11
         
Cattle Slaughter under Federal Inspection:
Friday (est)                           113,000
Week ago (est)                    120,000
Year ago (act)                      117,000
Week to Date                      583,000
Same Period Last Week     591,000
Same Period Last Year       604,000
Previous Day (est)
Steers & Heifers:  90,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 234.58… +0.33
Select:  220.79… +0.35
Choice/Select Spread: 13.79
Total Load Count: 100
             
Cutter Cow Cutout
180.64… +0.94
    
CME Feeder Cattle Index for February 4th
135.65… -0.62
             
Futures Settlements…
Live Cattle:
February: 116.72… +0.27
April: 123.77… +0.02
June: 119.97… -0.23
    
Feeder Cattle:
March: 138.27… -1.23
April: 142.20… -0.47
May: 144.77… -0.30
      
April Hogs: 80.30… +1.00
March Crude Oil: 56.85… +0.62
    
March Corn: 5.4850… -0.0150
March Wheat: 6.4125… +0.0375
    
Grain Cash Bids
Kansas City Corn: 5.42… -0.01
Kansas City Wheat: 5.95… +0.06
    
Financial Markets:
DJIA: 31,148.04… +91.85
S & P 500: 3,886.80… +15.06
NASDAQ: 13,856.30… +78.56
U.S. Dollar Index: 91.01… -0.52