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Jan
06
2022

Texas Daily Ag Market News Summary

Posted 324 days ago ago by Administrator Account

Daily Market Summary for January 6th

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 Thursday, negotiated cash trading has been limited on light demand in all feeding regions. Not enough purchases for a full market trend. The last reported market in all regions was on Wednesday. In the Southern Plains live purchases traded at 138.00. In Nebraska and Western Cornbelt live and dressed purchases traded from 138.00-140.00 and at 220.00, respectively.

 

Negotiated Sales:

Confirmed:      4,395

Week Ago:       6,476

Year Ago:         9,148

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,000

Weighted avg. weight:        902.00

Weighted avg. net price:     221.73

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                    113,000

Week ago (est)                   117,000

Year ago (act)                     119,000

Week to Date                      450,000

Same Period Last Week    475,000

Same Period Last Year      467,000

Wednesday

Steers & Heifers:  92,000

Cows & Bulls:        21,000

 

Boxed Beef:

Cutout Values:

Choice: 268.56… +1.63

Select:  260.64… +1.03

Choice/Select Spread: 7.92

Total Load Count: 154

 

Cutter Cow Cutout:

227.21… -0.27

 

CME Feeder Cattle Index for January 5th:

162.28… +0.15 / +0.09%

1 Year Change: +19.90%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.35… +0.10

April: 142.25… +0.50

June: 137.57… +0.32

 

Feeder Cattle:

January: 162.57… +0.45

March: 167.27… +1.10

April: 171.07… +1.30

 

February Hogs: 82.95… +0.68

January Crude Oil: 79.46… +1.61

 

March Corn: 6.0375… +0.0150

March Wheat: 7.4600… -0.1475

 

Grain Cash Bids:

Omaha Corn: 5.94… +0.02

Kansas City Wheat: 7.39… -0.18

 

Financial Markets:

DJIA: 36,236.54… -170.89

S & P 500: 4,696.05… -8.67

NASDAQ: 15,082.26… -16.71

U.S. Dollar Index: 96.29… +0.12