Agriculture Market Summary
Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

Jan
09
2020

Texas Daily Market News Summary

Posted 4 years 79 days ago by Administrator Account

Daily Market Summary for January 9th

   

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 Thursday, 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:               360
Week Ago:             3,118
Year Ago:               1,353
     
Formula Net
Dressed Steers & Heifers:
Head count priced today: 25,600
Weighted avg weight:       873 lbs.
Weighted avg net price:   199.77
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)               122,000
Week ago (est)                  122,000
Year ago (act)                    121,000
Week to Date                    488,000
Same Period Last Week   340,000
Same Period Last year     481,000
Previous Day (est)
Steers & Heifers:  95,000
Cows & Bulls:        27,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values steady to firm on moderate to fairly good demand and heavy offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings mostly moderately lower on light demand and moderate offerings.
Cutout Values:
Choice: 209.96… +0.46
Select:  206.68… +0.15
Choice/Select Spread: 3.28
Total Load Count:  139
     
Cutter Cow Cutout:
185.38… +0.69
    
CME Feeder Cattle Index:
145.91… Wednesday – Thursday’s Index not yet posted
    
Futures…
Live Cattle:
February: 126.72… +0.37
April: 127.30… +0.25
June: 119.47… +0.27
    
Feeder Cattle:
January: 146.92… +0.10
March: 146.55… +0.03
April: 149.17… +0.15
      
March Hogs: 67.02… -2.00
February Crude Oil: 59.56… -0.05
    
March Corn: 3.8325… -0.0100
March Soybeans: 9.4350… -0.0375
March Wheat: 5.6225… +0.0950
    
Grain Cash Bids:
Kansas City Corn: 3.91… -0.01
Kansas City Soybeans: 9.26… -0.05
Kansas City Wheat: 5.55… +0.10
    
Financial Markets:
Dow Jones: 28,957.10… +211.63
S & P 500: 3,274.69… +21.63
NASDAQ: 9,203.43… +74.19
U.S. Dollar Index: 97.44… +0.14





Text/HTML