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Jan
11
2022

Texas Daily Ag Market News Summary

Posted 319 days ago ago by Administrator Account

Daily Market Summary for January 11th

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 trade was very limited on light demand in the Texas Panhandle and Kansas. Compared to last week in the Texas Panhandle a limited amount of early live purchases traded most 1.00 lower at 137.00. Compared to last week in Kansas a limited amount of early live purchases traded most 1.00-3.00 lower from 135.00-137.00. Trade was mostly inactive on light demand in all other feeding regions. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 138.00-140.00 and at 220.00, respectively.

 

Negotiated Sales:

Confirmed:      5,342

Week Ago:          404

Year Ago:         5,732

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,600

Weighted avg. weight:        888.00

Weighted avg. net price:    225.86

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      114,000

Week ago (est)                    117,000

Year ago (act)                      116,000

Week to Date                      227,000

Same Period Last Week    224,000

Same Period Last Year      232,000

Monday

Steers & Heifers:  87,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 278.22… +2.18

Select:  268.63… +2.13

Choice/Select Spread: 9.59

Total Load Count: 150

 

Cutter Cow Cutout:

229.55… +1.19

 

CME Feeder Cattle Index for January 10th:

162.24… +0.26 / +0.16%

1 Year Change: +19.09%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.67… +1.42

April: 141.20… +0.63

June: 136.85… +0.63

 

Feeder Cattle:

January: 162.07… +1.15

March: 166.35… +1.00

April: 170.12… +0.67

 

February Hogs: 77.85… -0.52

January Crude Oil: 81.22… +2.99

 

March Corn: 6.0100… +0.0125

March Wheat: 7.7025… +0.0825

 

Grain Cash Bids:

Omaha Corn: 5.96… +0.01

Kansas City Wheat: 7.62… +0.14

 

Financial Markets:

DJIA: 36,242.37… +174.43

S & P 500: 4,713.11… +42.78

NASDAQ: 15,142.37… +200.03

U.S. Dollar Index: 95.63… -0.36