Jan 22 2021

Texas Daily Ag Market News Summary Posted 3 years 311 days ago by Administrator Account

Daily Market Summary for January 22^nd

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

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been inactive with very light demand in all feeding regions. Not enough purchases for a market trend. Thursday was the last reported market in all major feeding regions. In the Texas Panhandle live purchases were at 111.00. In Kansas live purchases were from 110.00-111.00. In Nebraska and Colorado live purchases were from 109.00-110.00 and in Nebraska dressed purchases at 173.00. In the Western Cornbelt live and dressed purchases were from 108.00-110.00 and 170.00-173.00, respectively.

       

Negotiated Sales:

Confirmed:             3,113

Week Ago:                 730

Year Ago:                7,928

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,100

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    177.19

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           119,000

Week ago (est)                    115,000

Year ago (act)                      121,000

Week to Date                      588,000

Same Period Last Week     584,000

Same Period Last Year       610,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 222.82… +1.62

Select:  213.34… +3.06

Choice/Select Spread: 9.48

Total Load Count: 143

            

Cutter Cow Cutout:

180.32… +2.37

   

CME Feeder Cattle Index for January 21^st:

133.99… +0.80

            

Futures Settlements…

Live Cattle:

February: 116.72… +2.62

April: 122.52… +2.57

June: 118.80… +1.68

   

Feeder Cattle:

January: 137.25… +1.38

March: 144.15… +5.00

April: 146.12… +4.25

     

February Hogs: 69.92… +1.82

March Crude Oil: 52.27… -0.86

   

March Corn: 5.0050… -0.2375

March Wheat: 6.3450… -0.2625

   

Grain Cash Bids:

Kansas City Corn: 4.94… -0.23

Kansas City Wheat: 5.83… -0.23

   

Financial Markets:

DJIA: 30,996.98… -179.03

S & P 500: 3,841.47… -11.60

NASDAQ: 13,543.06… +12.14

U.S. Dollar Index: 90.22… +0.09