Jan 09 2023

Texas Daily Ag Market News Summary Posted 1 years 322 days ago by Administrator Account

Daily Market Summary for January 9th

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 Monday, negotiated cash traded has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. The latest established market was last week in these regions. In the Southern Plains and Nebraska live purchases traded at 157.00, and dressed purchases, in Nebraska, traded at 252.00. In the Western Cornbelt live and dressed purchases traded from 158.00-160.00 and at 252.00, respectively.

Negotiated Sales:

Confirmed:       90

Week Ago:    None

Year Ago:         634

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,600

Weighted avg. weight:         863.00

Weighted avg. net price:     255.16

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Cattle Slaughter under Federal Inspection

Monday (est)                        129,000

Week ago (est)                          7,000

Year ago (act)                        113,000

Friday:

Steers & Heifers:                96,000

Cows & Bulls:                      29,000

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Boxed Beef:

Cutout Values:

Choice: 286.14… +3.15

Select:  259.60… +0.26

Choice/Select Spread: 26.54

Total Load Count: 106

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Cutter Cow Cutout:

194.94… +0.94

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CME Feeder Cattle Index for January 6th:

180.37… -0.09 / -0.05%

1 Year Change: +11.35%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 157.75… +0.98

April: 161.52… +0.85

June: 157.45… +0.90

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Feeder Cattle:

January: 183.62… +0.92

March: 186.30… +0.65

April: 190.62… +0.80

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February Hogs: 80.80… +0.53

February Crude Oil: 74.63… +0.86

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March Corn: 6.5275… -0.0125

March Wheat: 7.4150… -0.0200

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Grain Cash Bids:

Omaha Corn: 6.88… -0.01

Kansas City Wheat: 7.88… -0.01

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Financial Markets:

DJIA: 32,517.95… -111.84

S & P 500: 3,892.10… -2.90

NASDAQ: 10,635.65… +66.36

U.S. Dollar Index: 103.12… -0.77