Jan 04 2023

Texas Daily Ag Market News Summary Posted 1 years 327 days ago by Administrator Account

Daily Market Summary for January 4th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated trade was light on light to moderate demand in the Western Cornbelt. Trade was mostly inactive on light demand in all other feeding regions. Not enough purchases for an adequate market trend in any feeding region. The latest established market in the Southern Plains was last week with live purchases at 157.00. For the prior week in Nebraska live and dressed purchases traded at 158.00 and 252.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 157.00-160.00 and from 250.00-252.00, respectively.

Negotiated Sales:

Confirmed:        2,482

Week Ago:         1,016

Year Ago:         25,474

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:         880.00

Weighted avg. net price:     252.32

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     128,000

Year ago (act)                        114,000

Week to Date                       258,000

Same Period Last Week     262,000

Same Period Last Year       337,000

Tuesday:

Steers & Heifers:                98,000

Cows & Bulls:                      28,000

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Boxed Beef:

Cutout Values:

Choice: 282.89… -4.06

Select:  256.40… +1.77

Choice/Select Spread: 26.49

Total Load Count: 138

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Cutter Cow Cutout:

194.71… +0.74

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CME Feeder Cattle Index for January 3rd:

180.73… -0.29 / -0.16%

1 Year Change: +11.47%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 157.27… +0.42

April: 161.42… +0.55

June: 157.35… +0.53

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Feeder Cattle:

January: 185.22… +2.52

March: 188.22… +3.45

April: 191.70… +2.93

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February Hogs: 84.07… -1.00

February Crude Oil: 72.84… -4.09

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March Corn: 6.5375… -0.1675

March Wheat: 7.4550… -0.3000

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Grain Cash Bids:

Omaha Corn: 6.98… -0.17

Kansas City Wheat: 7.98… -0.36

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Financial Markets:

DJIA: 33,269.57… +134.98

S & P 500: 3,852.79… +28.85

NASDAQ: 10,458.76… +71.78

U.S. Dollar Index: 104.26… -0.26