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Jan
13
2022

Texas Daily Ag Market News Summary

Posted 317 days ago ago by Administrator Account

Daily Market Summary for January 13th

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 Thursday, negotiated cash trading has been limited on light demand in the Texas Panhandle, Nebraska, and the Western Cornbelt. Not enough purchases in any of these regions for a market trend. Negotiated cash trading was at a standstill in Kansas. The last reported market in any region was on Wednesday. In the Texas Panhandle, live purchases traded from 136.00-137.00. On Wednesday in Kansas live purchases traded from 135.00-136.00. In Nebraska live and dressed purchases traded at 137.00 and 218.00, respectively. On Wednesday in the Western Cornbelt live and dressed purchases traded from 137.00-138.00 and at 218.00, respective.

 

Negotiated Sales:

Confirmed:      4,188

Week Ago:       4,395

Year Ago:         5,877

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:        895.00

Weighted avg. net price:     221.71

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     114,000

Week ago (est)                    113,000

Year ago (act)                      122,000

Week to Date                      455,000

Same Period Last Week    450,000

Same Period Last Year     472,000

Wednesday

Steers & Heifers:  86,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 282.86… +2.93

Select:  272.76… +1.78

Choice/Select Spread: 8.95

Total Load Count: 127

 

Cutter Cow Cutout:

227.73… -0.77

 

CME Feeder Cattle Index for January 12th:

162.01… -0.20 / -0.12%

1 Year Change: +19.57%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.00… +0.43

April: 140.97… +0.45

June: 136.85… +0.60

 

Feeder Cattle:

January: 162.92… +1.05

March: 166.72… +1.70

April: 170.47… +1.70

 

February Hogs: 77.85… -1.00

January Crude Oil: 82.12… -0.52

 

March Corn: 5.8750… -0.1150

March Wheat: 7.4675… -0.1100

 

Grain Cash Bids:

Omaha Corn: 5.82… -0.12

Kansas City Wheat: 7.28… -0.20

 

Financial Markets:

DJIA: 36,114.41… -177.09

S & P 500: 4,659.12… -67.31

NASDAQ: 14,806.81… -379.84

U.S. Dollar Index: 94.86… -0.06