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Jan
03
2022
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Posted 1 years 23 days ago ago by Administrator Account
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Daily Market Summary for January 3rd
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 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 138.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded at 140.00 and from 220.00-22.00, respectively.
Negotiated Sales:
Confirmed: 137
Week Ago: 35
Year Ago: 718
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,300
Weighted avg. weight: 923.00
Weighted avg. net price: 215.70
Cattle Slaughter under Federal Inspection:
Monday (est) 112,000
Week ago (est) 116,000
Year ago (act) 112,000
Friday
Steers & Heifers: 45,000
Cows & Bulls: 16,000
Boxed Beef:
Cutout Values:
Choice: 266.03… +0.77
Select: 258.90… +0.67
Choice/Select Spread: 7.13
Total Load Count: 129
Cutter Cow Cutout:
229.56… +3.24
CME Feeder Cattle Index for December 31st:
165.35… +0.14 / +0.08%
1 Year Change: +21.09%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 138.92… -0.78
April: 144.20… -0.62
June: 138.75… -0.45
Feeder Cattle:
January: 166.25… -0.62
March: 169.25… -0.70
April: 172.47… -0.28
February Hogs: 81.12… -0.35
January Crude Oil: 76.08… +0.87
March Corn: 5.8925… -0.0400
March Wheat: 7.5800… -0.1275
Grain Cash Bids:
Omaha Corn: 5.79… -0.04
Kansas City Wheat: 7.62… -0.10
Financial Markets:
DJIA: 36,585.00… +246.77
S & P 500: 4,792.72… +26.41
NASDAQ: 15,831.16… +184.16
U.S. Dollar Index: 96.22… +0.25