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Jan
10
2022

Texas Daily Ag Market News Summary

Posted 321 days ago ago by Administrator Account

Daily Market Summary for January 10th

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 Monday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 138.00. In Kansas live purchases traded from 136.00-138.00. 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:     634

Week Ago:      137

Year Ago:        627

Formula Net - Dressed Steers & Heifers:

Head count priced today:  43,400

Weighted avg. weight:       886.00

Weighted avg. net price:    220.71

 

Cattle Slaughter under Federal Inspection:

Monday (est)                     113,000

Week ago (est)                  107,000

Year ago (act)                    116,000

Friday

Steers & Heifers: 87,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 271.82

Select: 261.10

Choice/Select Spread: 10.72

Total Load Count: 96

 

Cutter Cow Cutout:

228.36… -0.52

 

CME Feeder Cattle Index for January 7th:

161.98… +0.19 / +0.12%

1 Year Change: +18.96%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 136.25… -1.07

April: 140.57… -1.48

June: 136.22… -1.48

 

Feeder Cattle:

January: 160.92… -1.18

March: 165.35… -1.32

April: 169.45… -1.42

 

February Hogs: 78.37… -1.28

January Crude Oil: 78.23… -0.67

 

March Corn: 5.9975… -0.0700

March Wheat: 7.6200… +0.0350

 

Grain Cash Bids:

Omaha Corn: 5.95… -0.07

Kansas City Wheat: 7.48… +0.03

 

Financial Markets:

DJIA: 36,067.94… -163.72

S & P 500: 4,670.33… -6.69

NASDAQ: 14,942.34… +6.44

U.S. Dollar Index: 95.95… +0.23