Feb 25 2021

Texas Daily Ag Market News Summary Posted 3 years 59 days ago by Administrator Account

Daily Market Summary for February 25^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading in Nebraska has been limited on light demand with a few live and dressed purchases at 114.00 and 182.00 respectively. In the Western Cornbelt negotiated cash trading has been limited on light demand with a few dressed purchases at 182.00. Negotiated cash trading in the Southern plains has been mostly inactive on light demand. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. In Nebraska last week, live purchases traded at 114.00 and dressed purchases traded from 180.00-181.00. Last week in the Western Cornbelt live purchases traded from 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:    14,065

Week Ago:     17,235

Year Ago:        9,817

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,700

Weighted avg. weight:        859 lbs.

Weighted avg. net price:     185.07

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     121,000

Week ago (est)                    111,000

Year ago (act)                      123,000

Week to Date                      483,000

Same Period Last Week     380,000

Same Period Last Year       486,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 240.39… -0.36

Select:  228.79… -1.00

Choice/Select Spread: 11.60

Total Load Count: 92

            

Cutter Cow Cutout:

188.89… +0.80

   

CME Feeder Cattle Index for February 24^th:

139.48… -0.63

            

Futures Settlements…

Live Cattle:

February: 117.00… +0.43

April: 121.67… -0.55

June: 119.50… -0.60

   

Feeder Cattle:

March: 140.42… +0.05

April: 145.07… +0.32

May: 147.22… +0.42

     

April Hogs: 89.75… +0.33

April Crude Oil: 63.53… +0.31

   

March Corn: 5.5475… -0.0450

March Wheat: 6.7175… -0.0850

   

Grain Cash Bids:

Kansas City Corn: 5.48… -0.04

Kansas City Wheat: 6.14… -0.12

   

Financial Markets:

DJIA: 31,402.01… -559.85

S & P 500: 3,829.34… -96.09

NASDAQ: 13,119.43… -478.54

U.S. Dollar Index: 90.27… +0.09