Jan 14 2022

Texas Daily Ag Market News Summary Posted 2 years 318 days ago by Administrator Account

Daily Market Summary for January 14^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 Friday, negotiated cash trading has been very limited on light demand in Kansas, Nebraska and Western Cornbelt. Not enough purchases in these regions for a market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. The last reported market in any region was on Wednesday. In the Texas Panhandle, live purchases traded from 136.00-137.00. 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, respectively.

 

Negotiated Sales:

Confirmed:      3,848

Week Ago:       2,545

Year Ago:            730

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,600

Weighted avg. weight:        877.00

Weighted avg. net price:     221.24

 

Cattle Slaughter under Federal Inspection:

Friday (est)                          113,000

Week ago (est)                    112,000

Year ago (act)                      115,000

Week to Date                      568,000

Same Period Last Week    562,000

Same Period Last Year     587,000

Thursday

Steers & Heifers:  87,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 284.31… +1.45

Select:  273.97… +1.21

Choice/Select Spread: 10.34

Total Load Count: 86

 

Cutter Cow Cutout:

228.63… +0.90

 

CME Feeder Cattle Index for January 13^th:

161.79… -0.22 / -0.14%

1 Year Change: +20.33%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.97… +0.97

April: 141.12… +0.15

June: 137.62… +0.77

 

Feeder Cattle:

January: 162.70… -0.22

March: 166.37… -0.35

April: 170.35… -0.12

 

February Hogs: 80.90… +3.05

January Crude Oil: 83.82… +1.70

 

March Corn: 5.9625… +0.0875

March Wheat: 7.4150… -0.0525

 

Grain Cash Bids:

Omaha Corn: 5.91… +0.09

Kansas City Wheat: 7.15… -0.13

 

Financial Markets:

DJIA: 35,911.22… -203.19

S & P 500: 4,662.82… +3.70

NASDAQ: 14,891.17… +84.36

U.S. Dollar Index: 95.16… +0.37