Jan 10 2020

Texas Daily Ag Market Summary Posted 4 years 105 days ago by Administrator Account

Daily Market Summary for January 10th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trade was light to moderate on moderate demand in Nebraska and the Western Cornbelt. A few early dressed purchases have been reported in both regions at 200.00 with early live purchases from 124.00-126.00 in the Western Cornbelt, however not enough purchases for an adequate market test. Trade was inactive on light to moderate demand in Kansas.  The latest established market in any feeding regions was last week with live purchases Kansas and Nebraska at 124.00 with dressed purchases in Nebraska mostly at 199.00. For the prior week in the Western Cornbelt live purchases traded mostly from 124.00-125.00 and dressed purchases mostly at 198.00.

    

Negotiated Sales:

Confirmed:           16,437

Week Ago:            63,706

Year Ago:                2.837

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 25,700

Weighted avg weight:       877 lbs.

Weighted avg net price:   198.25

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)              120,000

Week ago (est)                  122,000

Year ago (act)                    118,000

Week to Date                    608,000

Same Period Last Week   462,000

Same Period Last year     599,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values steady on moderate demand and heavy offerings. Select and Choice rib, chuck, round, and loin cuts steady to weak. Beef trimmings sharply higher on good demand and moderate offerings.

Cutout Values:

Choice: 210.04… +0.08

Select:  206.55… -0.13

Choice/Select Spread: 3.49

Total Load Count:  146

     

Cutter Cow Cutout:

185.20… -0.18

    

CME Feeder Cattle Index:

146.44 – Thursday’s Index – CME has not published Friday’s Index

    

Futures…

Live Cattle:

February: 127.42… +0.70

April: 127.95… +0.65

June: 119.77… +0.30

    

Feeder Cattle:

January: 147.60… +0.68

March: 147.45… +0.90

April: 150.05… +0.88

      

March Hogs: 67.25… +0.23

February Crude Oil: 59.04… -0.52

    

March Corn: 3.8575… +0.0250

March Soybeans: 9.4600… +0.0250

March Wheat: 5.6450… +0.0225

    

Grain Cash Bids:

Kansas City Corn: 3.93… +0.02

Kansas City Soybeans: 9.19… -0.08

Kansas City Wheat: 5.57… +0.02

    

Financial Markets:

Dow Jones: 28,823.43… -133.67

S & P 500: 3,265.33… -9.36

NASDAQ: 9,178.86… -24.57

U.S. Dollar Index: 97.38… -0.07