Jan 12 2022

Texas Daily Ag Market News Summary Posted 2 years 320 days ago by Administrator Account

Daily Market Summary for January 12^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 Wednesday, negotiated cash trading has been slow on light demand in Kansas with a few live purchases 1.00 lower at 135.00 compared to the last reported market on Tuesday. In Nebraska, negotiated cash trading has been slow on light demand with dressed purchases 2.00 lower compared to last week at 218.00. Not enough live purchases for a market trend. Last week in Nebraska live purchases traded from 138.00-140.00. Negotiated cash trading in the Texas Panhandle and the Western Cornbelt was limited on light demand. The last reported market in the Texas Panhandle was last week with live purchases at 138.00. In the Western Cornbelt last week live and dressed purchases traded from 138.00-140.00 and at 220.00, respectively.

 

Negotiated Sales:

Confirmed:      20,975

Week Ago:       25,474

Year Ago:          31,331

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,600

Weighted avg. weight:        894.00

Weighted avg. net price:     227.06

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                114,000

Week ago (est)                    113,000

Year ago (act)                      118,000

Week to Date                      341,000

Same Period Last Week    337,000

Same Period Last Year      350,000

Tuesday

Steers & Heifers:  86,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 279.93… +1.71

Select:  270.98… +2.35

Choice/Select Spread: 8.95

Total Load Count: 152

 

Cutter Cow Cutout:

228.50… -1.05

 

CME Feeder Cattle Index for January 11^th:

162.21… -0.03 / -0.02%

1 Year Change: +19.23%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 136.57… +1.10

April: 140.52… -0.68

June: 136.25… -0.60

 

Feeder Cattle:

January: 161.87… -0.20

March: 165.02… -1.33

April: 168.77… -1.35

 

February Hogs: 78.85… +1.00

January Crude Oil: 82.64... +1.42

 

March Corn: 5.9900… -0.0200

March Wheat: 7.5775… -0.1250

 

Grain Cash Bids:

Omaha Corn: 5.94… -0.02

Kansas City Wheat: 7.48… -0.14

 

Financial Markets:

DJIA: 36,291.50... +49.13

S & P 500: 4,726.43... +13.32

NASDAQ: 15,186.65... +44.28

U.S. Dollar Index: 94.95... -0.68