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Jan
24
2022

Texas Daily Ag Market News Summary

Posted 307 days ago ago by Administrator Account

Daily Market Summary for January 24th

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 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 21st:

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