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Jan
18
2022
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Posted 1 years 248 days ago ago by Administrator Account
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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