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Jan
28
2022

Texas Daily Ag Market News Summary

Posted 302 days ago ago by Administrator Account

Daily Market Summary for January 28th

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 PM Friday, negotiated cash trading in Kansas, Nebraska and Western Cornbelt has been mostly inactive 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:        2,904

Week Ago:         3,887

Year Ago:         29,471

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:        908.00

Weighted avg. net price:     219.89

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           117,000

Week ago (est)                     114,000

Year ago (act)                       120,000

Week to Date                       586,000

Same Period Last Week     575,000

Same Period Last Year       594,000

Thursday

Steers & Heifers:  91,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 290.42… +1.31

Select:  283.41… +4.31

Choice/Select Spread: 7.01

Total Load Count: 77

 

Cutter Cow Cutout:

229.76… +1.11

 

CME Feeder Cattle Index for January 27th:

158.66… -0.39 / -0.25%

1 Year Change: +16.64%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 138.70… +0.88

April: 143.10… +1.48

June: 138.00… +1.30

 

Feeder Cattle:

March: 159.62… +0.12

April: 165.30… +0.20

May: 169.92… +0.60

 

February Hogs: 87.92… +0.90

March Crude Oil: 86.82… +0.21

 

March Corn: 6.3600… +0.1075

March Wheat: 7.8625… +0.0925

 

Grain Cash Bids:

Omaha Corn: 6.31… +0.11

Kansas City Wheat: 7.72… +0.08

 

Financial Markets:

DJIA: 34,726.20… +565.69

S & P 500: 4,432.00… +105.50

NASDAQ: 13,769.48… +416.70

U.S. Dollar Index: 97.23… -0.03