Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

Jan
14
2022

Texas Daily Ag Market News Summary

Posted 316 days ago ago by Administrator Account

Daily Market Summary for January 14th

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 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 13th:

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