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Jan
25
2022

Texas Daily Ag Market News Summary

Posted 305 days ago ago by Administrator Account

Daily Market Summary for January 25th

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, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. In the Southern Plains a few live purchases traded at 137.00. In Nebraska a few live and dressed purchases traded at 137.00 and 218.00, respectively. In the Western Cornbelt a few dressed purchases traded at 218.00. However, not enough purchases for a market trend in any region. Last week in the Southern Plains live purchases traded at 137.00. In Nebraska for the prior week live and dressed purchases traded from 137.00-138.00 and at 218.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 137.00-139.00 and at 218.00, respectively.

 

Negotiated Sales:

Confirmed:       14,795

Week Ago:        10,021

Year Ago:            1,028

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,200

Weighted avg. weight:        883.00

Weighted avg. net price:     220.98

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                     117,000

Year ago (act)                       117,000

Week to Date                       233,000

Same Period Last Week     230,000

Same Period Last Year       233,000

Monday

Steers & Heifers:  89,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 292.38… -1.12

Select:  283.32… -1.47

Choice/Select Spread: 9.06

Total Load Count: 143

 

Cutter Cow Cutout:

228.63… -1.81

 

CME Feeder Cattle Index for January 24th:

159.77… -0.69 / -0.43%

1 Year Change: +18.38%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.10… +0.78

April: 140.10… +0.03

June: 135.42… -0.15

 

Feeder Cattle:

January: 158.55… +0.08

March: 159.85… -1.40

April: 165.27… -1.10

 

February Hogs: 87.45… +1.13

March Crude Oil: 85.60… +2.29

 

March Corn: 6.2000… -0.0100

March Wheat: 8.1800… +0.1750

 

Grain Cash Bids:

Omaha Corn: 6.15… -0.01

Kansas City Wheat: 8.05… +0.17

 

Financial Markets:

DJIA: 34,299.41… -58.87

S & P 500: 4,356.57… -55.98

NASDAQ: 13,545.62… -323.28

U.S. Dollar Index: 95.98… +0.07