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Jan
26
2022
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Posted 1 years 240 days ago ago by Administrator Account
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Daily Market Summary for January 26th
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 Wednesday in the Texas Panhandle, negotiated cash trading has been slow on light demand. Compared to last week live purchases traded steady at 137.00. In Kansas negotiated cash trading has been slow with moderate demand. Compared to last week live purchases ranged from 136.00-137.00, mostly 1.00 lower at 136.00. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska not enough purchases for a market trend, Tuesday was the last reported live and dressed purchase market at 137.00 and 218.00, respectively. In the Western Cornbelt thus far for the week live purchases have traded steady to 2.00 lower at 137.00 and dressed purchases have traded steady at 218.00.
Negotiated Sales:
Confirmed: 19,257
Week Ago: 10,076
Year Ago: 1,467
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,100
Weighted avg. weight: 895.00
Weighted avg. net price: 223.57
Cattle Slaughter under Federal Inspection:
Wednesday (est) 118,000
Week ago (est) 115,000
Year ago (act) 120,000
Week to Date 351,000
Same Period Last Week 345,000
Same Period Last Year 353,000
Tuesday
Steers & Heifers: 90,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 289.46… -2.92
Select: 279.72… -3.60
Choice/Select Spread: 9.74
Total Load Count: 132
Cutter Cow Cutout:
229.53… +0.90
CME Feeder Cattle Index for January 25th:
159.50… -0.27 / -0.17%
1 Year Change: +18.30%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 138.05… +0.95
April: 141.90… +1.80
June: 137.05… +1.63
Feeder Cattle:
January: 158.72… +0.17
March: 160.80… +0.95
April: 166.20… +0.93
February Hogs: 88.02… +0.57
March Crude Oil: 87.35… +1.75
March Corn: 6.2700… +0.0700
March Wheat: 7.9500… -0.2300
Grain Cash Bids:
Omaha Corn: 6.22… +0.07
Kansas City Wheat: 7.86… -0.19
Financial Markets:
DJIA: 34,166.84… -132.57
S & P 500: 4,349.78… -6.79
NASDAQ: 13,542.12… -3.50
U.S. Dollar Index: 96.49… +0.54