Jan 19 2022

Texas Daily Ag Market News Summary Posted 2 years 90 days ago by Administrator Account

Daily Market Summary for January 19^th

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Slaughter Cattle:

As of 3:00 Wednesday, negotiated cash trading has been slow with light to moderate demand in the Southern Plains and Nebraska. In the Texas Panhandle live purchases traded steady to 1.00 higher at 137.00, when compared to last week. In Kansas live purchases traded steady at 137.00, when compared to the last reported market on Tuesday. In Nebraska live purchases traded steady at 137.00, when compared to last week, and dressed purchases traded steady at 218.00, when compared to the last reported market on Tuesday. Thus far for Wednesday in the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a full market trend. Tuesday saw dressed purchases trade at 218.00 and live purchases, last week, traded at 138.00.

 

Negotiated Sales:

Confirmed:        10,076

Week Ago:         20,975

Year Ago:           14,639

Formula Net - Dressed Steers & Heifers:

Head count priced today:   11,200

Weighted avg. weight:        901.00

Weighted avg. net price:     218.71

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 115,000

Week ago (est)                     114,000

Year ago (act)                       121,000

Week to Date                      345,000

Same Period Last Week    341,000

Same Period Last Year      351,000

Tuesday

Steers & Heifers:  89,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 291.60… +2.11

Select:  280.43… +2.04

Choice/Select Spread: 11.17

Total Load Count: 115

 

Cutter Cow Cutout:

229.81… -0.88

 

CME Feeder Cattle Index for January 18^th:

161.24… -0.06 / -0.04%

1 Year Change: +21.41%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 138.55… +0.88

April: 143.35… +1.50

June: 138.47… +1.40

 

Feeder Cattle:

January: 161.40… -0.05

March: 165.62… +0.20

April: 170.05… +0.48

 

February Hogs: 82.30… +0.70

January Crude Oil: 86.96… +1.53

 

March Corn: 6.1050… +0.1100

March Wheat: 7.9650… +0.2750

 

Grain Cash Bids:

Omaha Corn: 6.06… +0.11

Kansas City Wheat: 7.70… +0.27

 

Financial Markets:

DJIA: 35,029.17… -340.22

S & P 500: 4,532.89… -45.13

NASDAQ: 14,339.75… -174.96

U.S. Dollar Index: 95.52… -0.21