Jan 05 2021

Texas Daily Ag Market News Summary Posted 3 years 328 days ago by Administrator Account

Daily Market Summary for January 5^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 112.00. For the prior week in Nebraska and Western Cornbelt live purchases traded from 110.00-112.00 and dressed purchases from 175.00-176.00. In Colorado last week live purchases traded from 111.00-112.00.

      

Negotiated Sales:

Confirmed:             166

Week Ago:           1,483

Year Ago:                113

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,400

Weighted avg. weight:       870 lbs.

Weighted avg. net price:    176.05

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                    116,000

Year ago (act)                      123,000

Week to Date                      230,000

Same Period Last Week     235,000

Same Period Last Year       244,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.90… -3.97

Select:  196.49… -0.04

Choice/Select Spread: 9.41

Total Load Count: 204

            

Cutter Cow Cutout:

175.10… +1.29

   

CME Feeder Cattle Index for January 1^st:

136.55… -2.22

            

Futures Settlements…

Live Cattle:

February: 115.05… +2.75

April: 119.10… +2.85

June: 114.67… +2.10

   

Feeder Cattle:

January: 136.67… +1.72

March: 137.42… +1.40

April: 139.37… +1.32

     

February Hogs: 70.92… -0.30

January Crude Oil: 49.93… +2.31

   

March Corn: 4.9175… +0.08

March Wheat: 6.54000… +0.1200

   

Grain Cash Bids:

Kansas City Corn: 4.85… +0.08

Kansas City Wheat: 5.79… +0.09

   

Financial Markets:

DJIA: 30,391.60… +167.71

S & P 500: 3,726.86… +26.21

NASDAQ: 12,818.96… +120.51

U.S. Dollar Index: 89.47… -0.40