Jan 10 2022

Texas Daily Ag Market News Summary Posted 2 years 323 days ago by Administrator Account

Daily Market Summary for January 10^th

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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 7^th:

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