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Jan
07
2022

Texas Daily Ag Market News Summary

Posted 323 days ago ago by Administrator Account

Daily Market Summary for January 7th

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 Friday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. 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. A light test of purchases was noted in all regions.

 

Negotiated Sales:

Confirmed:      2,545

Week Ago:       None

Year Ago:       19,316

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,300

Weighted avg. weight:        889.00

Weighted avg. net price:     221.28

 

Cattle Slaughter under Federal Inspection:

Friday (est)                         112,000

Week ago (est)                     60,000

Year ago (act)                     119,000

Week to Date                      562,000

Same Period Last Week      536,000

Same Period Last Year        586,000

Thursday

Steers & Heifers:  87,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 271.82… +3.26

Select:  261.10… +0.46

Choice/Select Spread: 10.72

Total Load Count: 96

 

Cutter Cow Cutout:

228.88… +1.67

 

CME Feeder Cattle Index for January 6th:

161.79… -0.49 / -0.30%

1 Year Change: +19.29%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.32… -0.03

April: 142.05… -0.40

June: 137.70… +0.13

 

Feeder Cattle:

January: 162.10… -0.47

March: 166.67… +0.60

April: 170.87… -0.20

 

February Hogs: 79.65… -3.30

January Crude Oil: 78.90… -0.56

March Corn: 6.0675… +3.00

March Wheat: 7.5850… +0.1250

 

Grain Cash Bids:

Omaha Corn: 6.02… +0.08

Kansas City Wheat: 7.45… +0.06

 

Financial Markets:

DJIA: 36,231.66… -4.88

S & P 500: 4,677.02… -19.03

NASDAQ: 14,935.90… -146.36

U.S. Dollar Index: 95.76… -0.56