Feb 16 2021

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

Daily Market Summary for February 16^th

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 Tuesday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases were at 114.00. For the prior week in Nebraska live and dressed purchases from 113.00-114.00 and at 180.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases were from 112.00-115.00 and at 180.00, respectively.

       

Negotiated Sales:

Confirmed:           69

Week Ago:          933

Year Ago:         3,669

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   11,400

Weighted avg. weight:       879 lbs.

Weighted avg. net price:    183.09

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                         95,000

Week ago (est)                    115,000

Year ago (act)                      125,000

Week to Date                      174,000

Same Period Last Week     229,000

Same Period Last Year       231,000

Previous Day (est)

Steers & Heifers:  59,000

Cows & Bulls:        20,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 234.77… +2.33

Select:  222.03… +0.62

Choice/Select Spread: 12.74

Total Load Count: 78

            

Cutter Cow Cutout:

184.08… +1.07

   

CME Feeder Cattle Index for February 15^th:

135.55... +0.21

            

Futures Settlements…

Live Cattle:

February: 116.15… -1.05

April: 125.80… +0.63

June: 121.70… +0.40

   

Feeder Cattle:

March: 140.77… -0.08

April: 144.60… -0.12

May: 146.20… -0.10

     

April Hogs: 86.17… +0.97

March Crude Oil: 60.05… +0.58

   

March Corn: 5.5225… +0.1350

March Wheat: 6.5750… +0.2075

   

Grain Cash Bids:

Kansas City Corn: 5.45… +0.13

Kansas City Wheat: 6.09… +0.22

   

Financial Markets:

DJIA: 31,522.02… +63.62

S & P 500: 3,932.52… -2.31

NASDAQ: 14,047.50… -47.97

U.S. Dollar Index: 90.53… +0.05