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Jan
14
2022
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Posted 1 years 258 days ago ago by Administrator Account
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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