Jan 13 2020

Texas Daily Ag Market News Summary Posted 4 years 94 days ago by Administrator Account

Daily Market Summary for January 13th

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 Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains and Nebraska at 124.00, with dressed purchases in Nebraska at 200.00. Last week in the Western Cornbelt, live purchases traded from 124.00-126.00 with dressed purchases mostly at 200.00.

   

Negotiated Sales:

Confirmed:           479

Week Ago:            180

Year Ago:               202

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 32,900

Weighted avg weight:       868 lbs.

Weighted avg net price:   198.37

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  121,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

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

 

Cutout Values:

Choice: 210.55… +0.51

Select:  208.23…+1.68

Choice/Select Spread: 2.32

Total Load Count:  118

    

Cutter Cow Cutout:

186.10… +0.90

   

CME Feeder Cattle Index:

144.46… -0.35

   

Futures…

Live Cattle:

February: 126.55… -0.87

April: 127.52… -0.43

June: 119.50… -0.27

   

Feeder Cattle:

January: 146.02… -1.58

March: 145.85… -1.60

April: 148.80… -1.52

     

March Hogs: 65.90… -1.35

February Crude Oil: 58.08… -0.96

   

March Corn: 3.8950… +0.0375

March Soybeans: 9.4250… -0.0350

March Wheat: 5.6225… -0.0225

   

Grain Cash Bids:

Kansas City Corn: 3.97… +0.04

Kansas City Soybeans: 9.23… -0.05

Kansas City Wheat: 5.55… -0.02

   

Financial Markets:

Dow Jones: 28,906.17… +82.74

S & P 500: 3,288.10… +22.77

NASDAQ: 9,273.93… +95.07

U.S. Dollar Index: 97.36… Unchanged