Jan 06 2021

Texas Daily Ag Market News Summary Posted 3 years 117 days ago by Administrator Account

Daily Market Summary for January 6^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in the Northern Plains. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in these regions. 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:          1,509

Week Ago:         12,377

Year Ago:                   0

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,600

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    177.53

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 117,000

Week ago (est)                    117,000

Year ago (act)                      124,000

Week to Date                      347,000

Same Period Last Week     352,000

Same Period Last Year       368,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.27… -0.63

Select:  196.08… -0.41

Choice/Select Spread: 9.19

Total Load Count: 204

            

Cutter Cow Cutout:

175.77… +0.67

   

CME Feeder Cattle Index for January 5^th:

134.92… -0.21

            

Futures Settlements…

Live Cattle:

February: 115.00… -0.05

April: 119.27… +0.17

June: 114.95… +0.28

   

Feeder Cattle:

January: 135.77… -0.90

March: 136.57… -0.85

April: 138.62… -0.75

     

February Hogs: 69.77… -1.15

January Crude Oil: 50.63… +0.70

   

March Corn: 4.9500… +0.0325

March Wheat: 6.4750… -0.0650

   

Grain Cash Bids:

Kansas City Corn: 4.88… +0.03

Kansas City Wheat: 5.74… -0.05

   

Financial Markets:

DJIA: 30,829.40… +437.80

S & P 500: 3,748.14… +21.28

NASDAQ: 12,740.79… -78.17

U.S. Dollar Index: 89.41… -0.03