Feb 11 2021

Texas Daily Ag Market News Summary Posted 3 years 67 days ago by Administrator Account

Daily Market Summary for February 11^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been slow on light demand in all major feeding regions with a few live purchases in Nebraska at 113.00, however not enough purchases in any region for a full market trend. The last reported live market in the Southern Plains was on Wednesday with live purchases at 114.00. In Nebraska and the Western Cornbelt the latest dressed market was on Wednesday at 180.00 and the latest live market was last week from 112.00-114.00.

       

Negotiated Sales:

Confirmed:   11,356

Week Ago:    25,083

Year Ago:     16,726

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,200

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    183.30

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     116,000

Week ago (est)                    116,000

Year ago (act)                      123,000

Week to Date                      461,000

Same Period Last Week     470,000

Same Period Last Year      486,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        28,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 232.96… -0.06

Select:  220.29… -0.67

Choice/Select Spread: 12.67

Total Load Count: 104

            

Cutter Cow Cutout:

182.63… +1.16

   

CME Feeder Cattle Index for February 10^th:

135.49… -0.16

            

Futures Settlements…

Live Cattle:

February: 115.32… -0.80

April: 123.12… +0.42

June: 119.52… +0.40

   

Feeder Cattle:

March: 139.15… -0.35

April: 143.37… -0.13

May: 145.45… +0.03

     

April Hogs: 84.25… +2.43

March Crude Oil: 58.24… -0.44

   

March Corn: 5.4100… +0.0650

March Wheat: 6.3350… -0.0200

   

Grain Cash Bids:

Kansas City Corn: 5.34… +0.06

Kansas City Wheat: 5.81… -0.03

   

Financial Markets:

DJIA: 31,430.70… -7.70

S & P 500: 3,916.38… +6.48

NASDAQ: 14,025.77… +53.24

U.S. Dollar Index: 90.39… +0.02