Jan 14 2020

Texas Daily Market News Summary Posted 4 years 102 days ago by Administrator Account

Daily Market Summary for January 14th

   

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Slaughter Cattle:

As of 3:00 PM Tuesday, 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:           234

Week Ago:        1,094

Year Ago:              268

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 34,600

Weighted avg weight:       874 lbs.

Weighted avg net price:   200.38

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     121,000

Week ago (est)                  121,000

Year ago (act)                    119,000

Week to Date                    598,000

Same Period Last Week   458,000

Same Period Last year     603,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 212.76… +2.21

Select:  210.30… +2.07

Choice/Select Spread: 2.46

Total Load Count:  120

     

Cutter Cow Cutout:

187.03… +0.93

    

CME Feeder Cattle Index:

144.46 - Monday’s Index… Today’s Index not published as of 3:00 PM

    

Futures…

Live Cattle:

February: 126.85… +0.30

April: 127.87… +0.35

June: 119.72… +0.22

    

Feeder Cattle:

January: 145.90… -0.12

March: 145.72… -0.13

April: 148.65…-0.15

      

March Hogs: 67.67… +1.77

February Crude Oil: 58.23… +0.15

    

March Corn: 3.8900… -0.0050

March Soybeans: 9.4250… Unchanged

March Wheat: 5.6850… +0.0625

    

Grain Cash Bids:

Kansas City Corn: 3.97… Unchanged

Kansas City Soybeans: 9.23… Unchanged

Kansas City Wheat: 5.61… +0.06

    

Financial Markets:

Dow Jones: 28,928.86… +31.81

S & P 500: 3,282.93… -5.20

NASDAQ: 9,251.33… -22.60

U.S. Dollar Index: 97.38… +0.03