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Jan
31
2022

Texas Daily Ag Market News Summary

Posted 299 days ago ago by Administrator Account

Daily Market Summary for January 31st

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 Monday, negotiated cash trading has been at a standstill in the Southern Plains, Nebraska and Western Cornbelt. Last week in the Texas Panhandle live purchases traded at 137.00. In Kansas live purchases traded at 136.00. For the prior week in Nebraska live and dressed purchases traded from 136.00-137.00 and at 218.00, respectively. In the Western Cornbelt live and dressed purchases traded from 137.00-138.00 and at 218.00, respectively.

 

Negotiated Sales:

Confirmed:        855

Week Ago:         549

Year Ago:           455

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,500

Weighted avg. weight:        876.00

Weighted avg. net price:     218.96

 

Cattle Slaughter under Federal Inspection:

Monday (est)                       120,000

Week ago (est)                     115,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  90,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 290.40… -0.02

Select:  283.27… -0.14

Choice/Select Spread: 7.13

Total Load Count: 88

 

Cutter Cow Cutout:

229.84... +0.08

 

CME Feeder Cattle Index for January 28th:

158.44… -0.22 / -0.14%

1 Year Change: +16.13%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 139.57… +0.87

April: 144.52… +1.42

June: 139.07… +1.07

 

Feeder Cattle:

March: 163.02… +3.40

April: 168.45… +3.15

May: 172.90… +2.98

 

February Hogs: 88.47… +0.55

March Crude Oil: 88.15… +1.33

 

March Corn: 6.2600… -0.10

March Wheat: 7.6125… +0.2500

 

Grain Cash Bids:

Omaha Corn: 6.21… -0.10

Kansas City Wheat: 7.51… -0.21

 

Financial Markets:

DJIA: 35,131.46... +405.26

S & P 500: 4,515.17... +83.17

NASDAQ: 14,231.05... +416.57

U.S. Dollar Index: 96.61... -0.66