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Jan
03
2022

Texas Daily Ag Market News Summary

Posted 1 years 23 days ago ago by Administrator Account

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