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Jan
13
2025

Texas Daily Ag Market News Summary

Posted 22 days ago by Administrator Account

Daily Market Summary for January 13th

 
The Daily Market News Report is brought to you by The Cattle Range. 

Please visit their website for more information!


Fed Cattle: 
USDA reported Monday afternoon that negotiated cash trading has been mostly inactive on very light demand in all trading regions. Not enough purchases in any region for a market trend. Last week in the Texas Panhandle live FOB purchases traded at 200.00 and in Kansas, live FOB purchases traded from 200.00-201.00. For the prior week in Nebraska, live FOB purchases traded at 203.00 and dressed delivered purchases traded at 320.00. Last in the Western Cornbelt, live FOB and dressed delivered purchases traded at 200.00-205.00 and 320, respectively.
Negotiated Sales:
Confirmed:   774
Week Ago:   400
Year Ago:      74
Formula Net - Dressed Steers & Heifers:
Head count priced today:  36,500
Weighted avg. weight:            933
Weighted avg. net price:    316.55
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Cattle Slaughter under Federal Inspection:
Monday                   117,000
Week Ago                109,000
Year Ago                  108,142
Week to Date          117,000
Last Week WTD      109,000
Last Year WTD        108,142
Friday
Steers & Heifers:       84,000
Cows & Bulls:            21,000
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Boxed Beef:
Cutout Values:
Choice: 333.35… +0.51
Select:  317.57… +3.43
Choice/Select Spread: 15.78
Total Load Count: 118
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Cutter Cow Cutout:
270.47… +0.35
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CME Feeder Cattle Index for January 10th:
277.30… +1.25
52 Week High: 278.55 – 1/9/25
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Futures Settlements:
Live Cattle 
February: 197.40… -1.37
April: 198.20… -1.27
June: 192.52… -1.58
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Feeder Cattle:
January: 271.85… -0.50
March: 267.90… -1.50
April: 268.32… -1.85
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February Lean Hogs: 83.17… +0.62
February Crude Oil: 78.68… +2.11
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February Corn: 4.7650… -0.0600
February Wheat: 5.4500… +0.1425
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Financial Markets:
DJIA: 42,296.93… +358.48
S & P 500: 5,836.24… +9.22
NASDAQ: 19,088.10… -73.53
U.S. Dollar Index: 109.85… +0.20