Jan 26 2021

Texas Daily Ag Market News Summary Posted 3 years 307 days ago by Administrator Account

Daily Market Summary for January 26^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 Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive on light demand. Not enough purchases for a market trend. Last week in the in Texas Panhandle live purchases traded from 110.00-111.00. In Kanas 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:               1,048

Week Ago:                2,634

Year Ago:                    256

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,100

Weighted avg. weight:       900 lbs.

Weighted avg. net price:    180.92

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       117,000

Week ago (est)                    117,000

Year ago (act)                      118,000

Week to Date                       232,000

Same Period Last Week     229,000

Same Period Last Year      240,000

 

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 229.06… +2.33

Select:  217.33… +1.12

Choice/Select Spread: 11.73

Total Load Count: 131

            

Cutter Cow Cutout:

179.25… +0.35

   

CME Feeder Cattle Index for January 25^th:

134.96… +0.48

            

Futures Settlements…

Live Cattle:

February: 117.00… +0.48

April: 123.10… +0.15

June: 119.47… +0.65

   

Feeder Cattle:

January: 135.65… -0.90

March: 141.47… -2.38

April: 144.27… -1.98

     

February Hogs: 70.45… -0.17

March Crude Oil: 52.61… -0.16

   

March Corn: 5.3225… +0.2075

March Wheat: 6.6525… +0.1675

   

Grain Cash Bids:

Kansas City Corn: 5.25… +0.21

Kansas City Wheat: 6.11… +0.14

   

Financial Markets:

DJIA: 30,937.04… -23.03

S & P 500: 3,849.62… -5.74

NASDAQ: 13,626.06… -9.23

U.S. Dollar Index: 90.14… -0.25