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Jan
18
2022

Texas Daily Ag Market News Summary

Posted 312 days ago ago by Administrator Account

Daily Market Summary for January 18th

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 Tuesday in Nebraska, negotiated cash trading has been slow on light to moderate demand. Compared to last week dressed purchases traded steady at 218.00. A few live purchases traded at 137.00, however not enough for a market trend. Last week live purchases traded at 137.00. In Kansas and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. Last week in the Texas Panhandle live purchases traded from 136.00-137.00. In Kansas live purchases traded from 135.00-136.00. Last week in the Western Cornbelt live and dressed purchases traded at 138.00 and 218.00, respectively.

 

Negotiated Sales:

Confirmed:        10,021

Week Ago:           5,342

Year Ago:             2,634

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:        892.00

Weighted avg. net price:     223.75

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        117,000

Week ago (est)                     114,000

Year ago (act)                       119,000

Week to Date                       230,000

Same Period Last Week     227,000

Same Period Last Year       230,000

Friday

Steers & Heifers:  89,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 289.49… +1.63

Select:  278.39… +1.34

Choice/Select Spread: 11.10

Total Load Count: 124

 

Cutter Cow Cutout:

230.69… +1.44

 

CME Feeder Cattle Index for January 17th:

161.30… -0.50 / -0.31%

1 Year Change: +21.37%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.67… -0.30

April: 141.85… -0.27

June: 137.07… -0.55

 

Feeder Cattle:

January: 161.45… -1.25

March: 165.42… -0.95

April: 169.57… -0.78

 

February Hogs: 81.60… +0.70

January Crude Oil: 85.43… +1.61

 

March Corn: 5.9950… +0.0325

March Wheat: 7.6900… +0.2750

 

Grain Cash Bids:

Omaha Corn: 5.95… +0.04

Kansas City Wheat: 7.43… +0.28

 

Financial Markets:

DJIA: 35,369.39… -541.83

S & P 500: 4,578.02… -84.80

NASDAQ: 14,514.71… -376.46

U.S. Dollar Index: 95.77… +0.51