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Jan
21
2022

Texas Daily Ag Market News Summary

Posted 309 days ago ago by Administrator Account

Daily Market Summary for January 21st

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 mostly inactive on light demand in the Southern Plains, Nebraska and Western Cornbelt. Not enough purchases for a market trend. In the Texas Panhandle on Wednesday live purchases traded at 137.00. In Kansas on Thursday live purchases traded at 137.00. In Nebraska on Thursday live and dressed purchases traded from 137.00-138.00 and at 218.00, respectively. In the Western Cornbelt on Thursday live purchases traded from 137.00-139.00 and on Tuesday dressed purchases traded at 218.00.

 

Negotiated Sales:

Confirmed:        3,887

Week Ago:         3,848

Year Ago:           3,113

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:        882.00

Weighted avg. net price:     218.58

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           114,000

Week ago (est)                     113,000

Year ago (act)                       120,000

Week to Date                       575,000

Same Period Last Week    568,000

Same Period Last Year       593,000

Thursday

Steers & Heifers:  89,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 292.41… -0.57

Select:  282.33… +0.15

Choice/Select Spread: 10.08

Total Load Count: 72

 

Cutter Cow Cutout:

229.02… +0.41

 

CME Feeder Cattle Index for January 20th:

161.10… -0.10 / -0.06%

1 Year Change: +20.23%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.92… -0.40

April: 142.10… -1.07

June: 137.30… -1.07

 

Feeder Cattle:

January: 160.27… -0.90

March: 163.30… -1.65

April: 168.12… -1.40

 

February Hogs: 86.20… +1.28

March Crude Oil: 85.14… -0.41

 

March Corn: 6.1625… +0.0525

March Wheat: 7.8000… -0.1025

 

Grain Cash Bids:

Omaha Corn: 6.12… +0.06

Kansas City Wheat: 7.63… -0.04

 

Financial Markets:

DJIA: 34,265.50… -447.85

S & P 500: 4,397.73… -84.82

NASDAQ: 13,818.05… -328.49

U.S. Dollar Index: 95.65… -0.09