Jan 05 2022

Daily AG Summary for 05 January, 2022 Posted 2 years 327 days ago by Administrator Account

Daily Market News Summary

January 5, 2022

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Daily Market Summary for January 5th

Updated Monday thru Friday around 4:00 PM CT

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: -0.23%

Change from 10 Days Ago: +1.96%

    

 60-Day Index Trendline

Change from 60 Days Ago: +1.58%​

Change from 60 Day High: -2.35%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been limited on light demand. Compared to last week live purchases traded steady at 138.00, a light test was noted. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been slow to moderate with moderate demand. In Nebraska dressed purchases traded steady to 2.00 lower at 220.00, when compared to last week. A few live purchases traded at 138.00. However, not enough live purchases for a market trend. Last week live purchases traded at 140.00. In the Western Cornbelt a few live and dressed purchases traded at 140.00 and 220.00, respectively. However, not enough purchases for a market trend. Last week live and dressed purchases traded at 140.00 and from 220.00-222.00, respectively.

Negotiated Sales:

Confirmed:    25,474

Week Ago:       5,471

Year Ago:         1,059

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,400

Weighted avg. weight:        887.00

Weighted avg. net price:     223.76

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Cattle Slaughter under Federal Inspection:

Wednesday (est)               116,000

Week ago (est)                   120,000

Year ago (act)                     118,000

Week to Date                      340,000

Same Period Last Week    358,000

Same Period Last Year      348,000

Tuesday

Steers & Heifers:  91,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 266.93… +0.11

Select:  259.61… +0.38

Choice/Select Spread: 7.32

Total Load Count: 156

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Cutter Cow Cutout:

227.48... -0.66

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CME Feeder Cattle Index for January 4th:

162.13… -0.22 / -0.0014%

1 Year Change: +20.17%

52 Week Range: 130.15 to 165.35

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Futures Settlements…

Live Cattle:

February: 137.25… -0.57

April: 141.95… -0.72

June: 137.25… -0.40

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Feeder Cattle:

January: 162.12… -0.55

March: 166.17… -0.18

April: 169.77… Unchanged

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February Hogs: 82.27… +2.12

January Crude Oil: 77.85… +0.86

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March Corn: 6.0225… -0.0725

March Wheat: 7.6075… -0.0925

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Grain Cash Bids: 

Omaha Corn: 5.92… -0.08

Kansas City Wheat: 7.57… -0.17

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Financial Markets:

DJIA: 36,407.43… -392.22

S & P 500: 4,704.72… -88.82

NASDAQ: 15,098.97… -523.75

U.S. Dollar Index: 96.17… -0.09