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Jan
20
2022

Texas Daily Ag Market News Summary

Posted 310 days ago ago by Administrator Account

Daily Market Summary for January 20th

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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska and Western Cornbelt. In Kansas a few live purchases traded steady with Wednesday at 137.00. In Nebraska a few dressed purchases traded steady with Wednesday 218.00. The last live purchase market was on Wednesday with trades from 137.00-138.00. In the Western Cornbelt a few live purchases traded at 137.00. However, not enough for a full market trend. Tuesday saw dressed purchases trade at 218.00 and live purchases, last week, traded at 138.00. Thus far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. The last reported market was on Wednesday with live purchases at 137.00.

 

Negotiated Sales:

Confirmed:        9,589

Week Ago:         4,188

Year Ago:          14,496

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:        909.00

Weighted avg. net price:     220.60

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     116,000

Week ago (est)                     114,000

Year ago (act)                       122,000

Week to Date                       461,000

Same Period Last Week     455,000

Same Period Last Year       473,000

Wednesday

Steers & Heifers:  86,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 292.98… +1.38

Select:  282.18… +1.75

Choice/Select Spread: 10.80

Total Load Count: 129

 

Cutter Cow Cutout:

228.61… -1.20

 

CME Feeder Cattle Index for January 19th:

161.20… -0.04 / -0.02%

1 Year Change: +21.03%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 138.32… -0.23

April: 143.17… -0.18

June: 138.37… -0.10

 

Feeder Cattle:

January: 161.17… -0.23

March: 164.95… -0.67

April: 169.52… -0.53

 

February Hogs: 84.92… +2.62

January Crude Oil: 86.90... -0.06

 

March Corn: 6.1100… +0.0050

March Wheat: 7.9025… -0.0625

 

Grain Cash Bids:

Omaha Corn: 6.06… Unchanged

Kansas City Wheat: 7.67… -0.03

 

Financial Markets:

DJIA: 34,713.35… -315.82

S & P 500: 4,482.55… -50.34

NASDAQ: 14,146.54… -193.21

U.S. Dollar Index: 95.83… +0.31