Jan 06 2023

Texas Daily Ag Market News Summary Posted 1 years 325 days ago by Administrator Account

Daily Market Summary for January 6th

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 Friday in Nebraska, negotiated cash trading has been slow on light demand. Compared to last week live purchases traded steady at 157.00, on a light test. A few dressed purchases traded steady with the last reported market on Thursday at 252.00. In the Western Cornbelt negotiated cash trading has been light on light demand. In the Southern Plains negotiated cash trading has been mostly inactive on very light demand Not enough purchases in these three regions for a full market trend. In the Southern Plains on Thursday live purchases traded at 157.00. In the Western Cornbelt on Thursday live and dressed purchases traded from 158.00-160.00 and at 252.00, respectively.

Negotiated Sales:

Confirmed:      13,602

Week Ago:       22,837

Year Ago:           2,545

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,600

Weighted avg. weight:         867.00

Weighted avg. net price:     255.43

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Cattle Slaughter under Federal Inspection

Friday (est)                           125,000

Week ago (est)                     122,000

Year ago (act)                        111,000

Week to Date                       510,000

Same Period Last Week     510,000

Same Period Last Year       560,000

Thursday:

Steers & Heifers:                95,000

Cows & Bulls:                      29,000

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Boxed Beef:

Cutout Values:

Choice: 282.99… +1.36

Select:  259.34… +2.39

Choice/Select Spread: 23.65

Total Load Count: 108

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Cutter Cow Cutout:

194.04… +0.77

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CME Feeder Cattle Index for January 5th:

180.32… +0.01 / +0.01%

1 Year Change: +11.45%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 156.77… -0.58

April: 160.67… -0.60

June: 156.55… -0.72

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Feeder Cattle:

January: 182.70… -1.10

March: 185.65… -0.90

April: 189.82… -0.70

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February Hogs: 80.27… -2.25

February Crude Oil: 73.77… +0.10

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March Corn: 6.5400… +0.0125

March Wheat: 7.4350… +0.0325

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Grain Cash Bids:

Omaha Corn: 6.89… +0.01

Kansas City Wheat: 7.89… -0.01

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Financial Markets:

DJIA: 32,629.79… +700.07

S & P 500: 3,895.00… +87.01

NASDAQ: 10,569.29… +264.05

U.S. Dollar Index: 103.89… -1.15