Jan 24 2022

Texas Daily Ag Market News Summary Posted 2 years 309 days ago by Administrator Account

Daily Market Summary for January 24^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. 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 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:       549

Week Ago:         87

Year Ago:           40

Formula Net - Dressed Steers & Heifers:

Head count priced today:  34,600

Weighted avg. weight:       887.00

Weighted avg. net price:     217.56

 

Cattle Slaughter under Federal Inspection:

Monday (est)                      115,000

Week ago (est)                   113,000

Year ago (act)                    126,000

Friday

Steers & Heifers: 88,000

Cows & Bulls:      26,000

 

Boxed Beef:

Cutout Values:

Choice: 293.50… +1.09

Select: 284.79… +2.46

Choice/Select Spread: 8.71

Total Load Count: 80

 

Cutter Cow Cutout:

230.44… +1.42

 

CME Feeder Cattle Index for January 21^st:

160.46… -0.64 / -0.40%

1 Year Change: +19.32%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 136.32… -1.60

April: 140.07… -2.03

June: 135.57… -1.73

 

Feeder Cattle:

January: 158.47… -1.80

March: 161.25… -2.05

April: 166.37… -1.75

 

February Hogs: 86.32… +0.12

March Crude Oil: 83.31… +1.83

 

March Corn: 6.2100… +0.0475

March Wheat: 8.0050… +0.2050

 

Grain Cash Bids:

Omaha Corn: 6.16… +0.06

Kansas City Wheat: 7.88… +0.25

 

Financial Markets:

DJIA: 34,358.88… +99.98

S & P 500: 4,412.55… +14.82

NASDAQ: 13,868.90… +50.85

U.S. Dollar Index: 95.90… +0.26