Feb 08 2021

Texas Daily Ag Market News Summary Posted 3 years 69 days ago by Administrator Account

Daily Market Summary for February 8^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 114.00. Last week in Nebraska and the Western Cornbelt live purchases traded from 112.00-114.00 and dressed purchases traded from 178.00-180.00.

       

Negotiated Sales:

Confirmed:         39

Week Ago:        455

Year Ago:          230

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,800

Weighted avg. weight:       900 lbs.

Weighted avg. net price:    180.24

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       114,000

Week ago (est)                    117,000

Year ago (act)                      118,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 236.20… +1.62

Select:  220.61… -0.18

Choice/Select Spread: 15.59

Total Load Count: 100

            

Cutter Cow Cutout:

181.09… +0.45

   

CME Feeder Cattle Index for February 5^th:

135.47… -0.18

            

Futures Settlements…

Live Cattle:

February: 116.57… -0.15

April: 123.95… +0.18

June: 120.02… +0.05

   

Feeder Cattle:

March: 137.45… -0.82

April: 141.47… -0.73

May: 143.57… -1.20

     

April Hogs: 80.65… +0.35

March Crude Oil: 57.97… +1.12

   

March Corn: 5.6375… +0.1525

March Wheat: 6.5575… +0.1450

   

Grain Cash Bids:

Kansas City Corn: 5.57… +0.15

Kansas City Wheat: 6.10… +0.15

   

Financial Markets:

DJIA: 31,386.10… +238.06

S & P 500: 3,915.58… +28.78

NASDAQ: 13,987.64… +131.34

U.S. Dollar Index: 90.94… -0.10