Jan 25 2021

Texas Daily Ag Market News Summary Posted 3 years 308 days ago by Administrator Account

Daily Market Summary for January 25^th

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 Monday in all major feeding regions, negotiated cash trading has been at a standstill. Last week in the in Texas Panhandle live purchases traded from 110.00-111.00. In Kansas live purchases traded at 110.00. For the prior week in the Northern Plains live purchases traded from 109.00-110.00 and dressed purchases, in Nebraska, traded at 173.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 105.00-110.00 and from 170.00-173.00, respectively.

       

Negotiated Sales:

Confirmed:                  40

Week Ago:                   11

Year Ago:                   199

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  34,300

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    176.65

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       118,000

Week ago (est)                    112,000

Year ago (act)                      122,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 226.73… +3.91

Select:  216.21… +2.87

Choice/Select Spread: 10.52

Total Load Count: 91

            

Cutter Cow Cutout:

178.90… -1.42

   

CME Feeder Cattle Index for January 22^nd:

134.48… +0.49

            

Futures Settlements…

Live Cattle:

February: 116.52… -0.20

April: 122.95… +0.43

June: 118.82… +0.02

   

Feeder Cattle:

January: 136.55… -0.70

March: 143.85… -0.30

April: 146.25… +0.13

     

February Hogs: 70.62… +0.70

March Crude Oil: 52.77… +0.50

   

March Corn: 5.1150… +0.1100

March Wheat: 6.4850… +0.1400

   

Grain Cash Bids:

Kansas City Corn: 5.04… +0.10

Kansas City Wheat: 5.97… +0.14

   

Financial Markets:

DJIA: 30,960.07… -36.91

S & P 500: 3,855.36… +13.89

NASDAQ: 13,635.29… +92.23

U.S. Dollar Index: 90.37… +0.13