Jan 27 2022

Texas Daily Ag Market News Summary Posted 2 years 305 days ago by Administrator Account

Daily Market Summary for January 27^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 Thursday, negotiated cash trading in Kansas, Nebraska and Western Cornbelt has been limited on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. Wednesday was the last reported market in the Texas Panhandle and Kansas with live purchases at 137.00 and 136.00, respectively. In Nebraska Tuesday was the last reported market with live and dressed purchases at 137.00 and 218.00, respectively. In the Western Cornbelt Wednesday was the last reported with live and dressed purchases from 137.00-139.00 and at 218.00, respectively.

 

Negotiated Sales:

Confirmed:        6,142

Week Ago:         9,589

Year Ago:            6,048

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,800

Weighted avg. weight:         893.00

Weighted avg. net price:     221.33

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      118,000

Week ago (est)                     116,000

Year ago (act)                       121,000

Week to Date                       469,000

Same Period Last Week     461,000

Same Period Last Year       474,000

Wednesday

Steers & Heifers:  89,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 289.11… -0.35

Select:  279.10… -0.62

Choice/Select Spread: 10.01

Total Load Count: 136

 

Cutter Cow Cutout:

228.65… -0.88

 

CME Feeder Cattle Index for January 26^th:

159.05… -0.45 / -0.28%

1 Year Change: +17.52%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.82… -0.23

April: 141.62… -0.28

June: 136.70… -0.35

 

Feeder Cattle:

January: 158.92… +0.20

March: 159.50… -1.30

April: 165.10… -1.10

 

February Hogs: 87.02… -1.00

March Crude Oil: 86.61… -0.74

 

March Corn: 6.2525… -0.0175

March Wheat: 7.7700… -0.1800

 

Grain Cash Bids:

Omaha Corn: 6.20… -0.02

Kansas City Wheat: 7.64… -0.22

 

Financial Markets:

DJIA: 34,160.51… -6.33

S & P 500: 4,326.50… -23.28

NASDAQ: 13,352.78… -189.34

U.S. Dollar Index: 97.24… +1.29