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Jan
10
2022
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Posted 1 years 257 days ago ago by Administrator Account
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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