Feb 19 2021

Texas Daily Ag Market News Summary Posted 3 years 63 days ago by Administrator Account

Daily Market Summary for February 19^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 Friday in the Southern Plains, negotiated cash trading has been limited on light demand. A few live purchases traded steady at 114.00 when compared to Thursday. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Nebraska live purchases traded steady to 1.00 higher at 114.00. A few dressed purchases traded at 180.00. However, not enough for a full market trend. Thursday was the last fully reported dressed market from 180.00-181.00. In the Western Cornbelt a few dressed traded at 180.00. However, not enough live or dressed purchases for a full market trend. On Thursday live purchases traded from 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:    20,235

Week Ago:       8,539

Year Ago:        1,564

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   14,200

Weighted avg. weight:       874 lbs.

Weighted avg. net price:    185.54

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           109,000

Week ago (est)                    106,000

Year ago (act)                      121,000

Week to Date                      489,000

Same Period Last Week     567,000

Same Period Last Year       596,000

Previous Day (est)

Steers & Heifers:  87,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 239.23… +0.38

Select:  227.90… +0.43

Choice/Select Spread: 11.33

Total Load Count: 90

            

Cutter Cow Cutout:

184.66… +0.51

   

CME Feeder Cattle Index for February 18^th:

138.11... +1.82

            

Futures Settlements…

Live Cattle:

February: 115.92… +0.80

April: 123.67… +0.75

June: 120.52… +0.75

   

Feeder Cattle:

March: 139.12… +0.92

April: 142.67… +0.92

May: 145.72… +1.10

     

April Hogs: 84.50… -0.42

March Crude Oil: 59.24… -1.28

   

March Corn: 5.4275… -0.0750

March Wheat: 6.5075… -0.1175

   

Grain Cash Bids:

Kansas City Corn: 5.36… -0.07

Kansas City Wheat: 6.02… -0.05

   

Financial Markets:

DJIA: 31,493.99… +0.46

S & P 500: 3,906.73… -7.29

NASDAQ: 13,874.46… +9.10

U.S. Dollar Index: 90.36… -0.23