Jan 19 2021

Texas Daily Ag Market Summary Posted 3 years 314 days ago by Administrator Account

Daily Market Summary for January 19th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at standstill in Kansas and Northern Plains. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been very limited with very light demand. In the Western Cornbelt a few live purchases traded at 105.00. However, not enough purchases for a full market trend. Last week in the Texas Panhandle live purchases traded from 110.00-111.00. For the prior week in Kansas live purchases traded from 109.00-111.00. For previous week in Nebraska live and dressed purchases traded from 109.-110.00 and 172.00-174.00, respectively. Last week in Colorado live purchases traded at 109.00. For prior week in the Western Cornbelt live and dressed purchases traded from 108.00-109.00 and at 173.00, respectively.

       

Negotiated Sales:

Confirmed:             2,634

Week Ago:              5,732

Year Ago:                   234

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,300

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    181.15

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       117,000

Week ago (est)                    115,000

Year ago (act)                      124,000

Week to Date                      229,000

Same Period Last Week     231,000

Same Period Last Year       245,000

Previous Day (est)

Steers & Heifers:  87,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 217.49… +2.45

Select:  206.44… +0.60

Choice/Select Spread: 11.05

Total Load Count: 148

             

Cutter Cow Cutout:

177.14… +0.09

    

CME Feeder Cattle Index for January 14th:

134.45… -1.04

             

Futures Settlements…

Live Cattle:

February: 113.32… +0.55

April: 119.35… +1.15

June: 116.72… +0.45

    

Feeder Cattle:

January: 134.40… -0.17

March: 136.80… +0.98

April: 139.60… +1.30

      

February Hogs: 66.47… -1.45

February Crude Oil: 52.98… +0.62

    

March Corn: 5.2600… -0.0550

March Wheat: 6.7225… -0.0325

    

Grain Cash Bids:

Kansas City Corn: 5.19… -0.06

Kansas City Wheat: 6.14… +0.01

    

Financial Markets:

DJIA: 30,930.52… +116.26

S & P 500: 3,798.91… +30.66

NASDAQ: 13,197.18… +198.68

U.S. Dollar Index: 90.77… -0.27