Feb 10 2021

Texas Daily Ag Market News Summary Posted 3 years 75 days ago by Administrator Account

Daily Market Summary for February 10^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in Kansas with a few early live purchases at 114.00. In the Western Cornbelt negotiated cash trading has been slow on light demand with a few early dressed purchases at 180.00. Negotiated cash trading has been limited on light demand in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. Last week in Nebraska and the Western Cornbelt live purchases traded from 112.00-114.00 and dressed purchases traded from 178.00-180.00.

       

Negotiated Sales:

Confirmed:    7,111

Week Ago:        572

Year Ago:     20,812

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,500

Weighted avg. weight:       898 lbs.

Weighted avg. net price:    184.28

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 116,000

Week ago (est)                    119,000

Year ago (act)                      121,000

Week to Date                      345,000

Same Period Last Week     354,000

Same Period Last Year      363,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 233.02… -1.27

Select:  220.96… +0.23

Choice/Select Spread: 12.06

Total Load Count: 136

            

Cutter Cow Cutout:

181.47… -0.30

   

CME Feeder Cattle Index for February 9^th:

135.65… +0.02

            

Futures Settlements…

Live Cattle:

February: 116.12… -1.33

April: 122.70… -1.12

June: 119.12… -0.53

   

Feeder Cattle:

March: 139.50… +0.85

April: 143.50… +0.33

May: 145.42… +0.35

     

April Hogs: 81.82… +1.45

March Crude Oil: 58.68… +0.32

   

March Corn: 5.3450… -0.2175

March Wheat: 6.3550… -0.1400

   

Grain Cash Bids:

Kansas City Corn: 5.28… -0.21

Kansas City Wheat: 5.84… -0.20

   

Financial Markets:

DJIA: 31,438.40… +62.57

S & P 500: 3,909.90… -1.36

NASDAQ: 13,972.53… -35.17

U.S. Dollar Index: 90.43… -0.01