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Jan
04
2022

Texas Daily Ag Market News Summary

Posted 1 years 25 days ago ago by Administrator Account

Daily Market Summary for January 4th

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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains, Nebraska and Western Cornbelt. 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 220.00-222.00, respectively.

 

Negotiated Sales:

Confirmed:      404

Week Ago:    9,331

Year Ago:        116

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,900

Weighted avg. weight:        886.00

Weighted avg. net price:     221.51

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     117,000

Week ago (est)                   122,000

Year ago (act)                     118,000

Week to Date                      224,000

Same Period Last Week    238,000

Same Period Last Year      230,000

Monday

Steers & Heifers:  83,000

Cows & Bulls:        24,000

 

Boxed Beef: *** This report is delayed due to technical difficulties ***

Cutout Values:

Choice: 266.03

Select:  258.90

Choice/Select Spread: 7.13

Total Load Count: 129

 

Cutter Cow Cutout: *** This report is delayed due to technical difficulties ***

229.56

 

CME Feeder Cattle Index for January 3rd:

162.35… -3.00 / -1.81

1 Year Chang

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.82… -1.10

April: 142.67… -1.53

June: 137.65… -1.10

 

Feeder Cattle:

January: 162.67… -3.58

March: 166.35… -2.90

April: 169.77… -2.70

 

February Hogs: 80.15… -0.97

January Crude Oil: 76.99… +0.91

 

March Corn: 6.0950… +0.2025

March Wheat: 7.7000… +0.1200

 

Grain Cash Bids:

Omaha Corn: 6.00… +0.21

Kansas City Wheat: 7.74… +0.12

 

Financial Markets:

DJIA: 36,799.65… +214.65

S & P 500: 4,793.54… +0.82

NASDAQ: 15,622.72… -208.44

U.S. Dollar Index: 96.30… +0.08