Jan 26 2022

Texas Daily Ag Market News Summary Posted 2 years 87 days ago by Administrator Account

Daily Market Summary for January 26^th

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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 25^th:

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