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Jan
04
2022
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Posted 1 years 25 days ago ago by Administrator Account
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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