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Jan
08
2020

Texas Daily Ag Market Summary

Posted 4 years 80 days ago by Administrator Account

Daily Market Summary for January 8th


The Daily Market News Report is brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/
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 Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend in any feeding region. Last week in Kansas and Nebraska live cash trades moved at 124.00 and dressed trades, in Nebraska, moved mostly at 199.00. For the prior week in the Western Cornbelt live cash trades moved mostly from 124.00-125.00 and dressed trades moved mostly at 198.00.
    
Negotiated Sales:
Confirmed:               175
Week Ago:                  0
Year Ago:                 116
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 24,200
Weighted avg weight:       877 lbs.
Weighted avg net price:   198.31
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)              122,000
Week ago (est)                        0
Year ago (act)                    121,000
Week to Date                    366,000
Same Period Last Week   218,000
Same Period Last year     360,000
Previous Day (est)
Steers & Heifers:  98,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady to weak on light to moderate demand and moderate to heavy offerings. Select and Choice chuck, round, and loin cuts steady to firm while rib cuts weak to lower. Beef trimmings unevenly steady on moderate demand and light offerings.
Cutout Values:
Choice: 209.50… -0.06
Select:  206.53… -0.29
Choice/Select Spread: 2.97
Total Load Count:  153
     
Cutter Cow Cutout:
184.68… -0.43
    
CME Feeder Cattle Index:
145.98... Tuesday
    
Futures…
Live Cattle:
February: 126.35… -0.17
April: 127.05… -0.32
June: 119.20… +0.23
    
Feeder Cattle:
January: 146.82… +0.92
March: 146.52… +1.40
April: 149.02… +1.22
      
March Hogs: 69.02… -0.20
February Crude Oil: 59.61… -3.09
    
March Corn: 3.8425… -0.0025
March Soybeans: 9.4725… +0.0325
March Wheat: 5.5275… +0.0250
    
Grain Cash Bids:
Kansas City Corn: 3.92… Unchanged
Kansas City Soybeans: 9.31… +0.03
Kansas City Wheat: 5.45… +0.02
    
Financial Markets:
Dow Jones: 28,745.47… +162.13
S & P 500: 3,253.06… +15.91
NASDAQ: 9,129.24… +60.66
U.S. Dollar Index: 97.26… +0.25





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