Jan 10 2023

Texas Daily Ag Market News Summary for 1-10-23 Posted 1 years 172 days ago by Administrator Account

Daily Market Summary for January 10th

Updated Monday thru Friday around 4:00 PM CT

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.19%

Change from 10 Days Ago: +3.53%

 

 60-Day Index Trendline

Change from 60 Days Ago: +8.12%​

Change from 60 Day High:   -0.05%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Monday Regional Auction Reports

 

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was at a standstill in the Southern Plains and Nebraska. Negotiated trade was very limited on light demand in the Western Cornbelt. Not enough purchases in any feeding region for an adequate market test. The latest established market in any region was last week with live purchases In the Southern Plains and Nebraska at 157.00 and dressed purchases at 252.00 in Nebraska. In the Western Cornbelt last week live and dressed purchases traded from 158.00-160.00 and at 252.00, respectively.

Negotiated Sales:

Confirmed:      521

Week Ago:       170

Year Ago:      5,342

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,100

Weighted avg. weight:         870.00

Weighted avg. net price:     255.06

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Cattle Slaughter under Federal Inspection

Monday (est)                       127,000

Week ago (est)                     126,000

Year ago (act)                       114,000

Week to Date                       256,000

Same Period Last Week     133,000

Same Period Last Year       227,000

Friday:

Steers & Heifers:                101,000

Cows & Bulls:                        28,000

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Boxed Beef:

Cutout Values:

Choice: 284.53… -1.61

Select:  258.33… -1.27

Choice/Select Spread: 26.20

Total Load Count: 128

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Cutter Cow Cutout:

197.08… +2.14

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CME Feeder Cattle Index for January 9th:

181.01… +0.64 / +0.35%

1 Year Change: +11.57%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 157.75… Unchanged

April: 161.65… +0.13

June: 157.50… +0.05

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Feeder Cattle:

January: 184.30… +0.68

March: 186.50… +0.20

April: 190.52… -0.10

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February Hogs: 79.80… -1.00

February Crude Oil: 75.12… +0.49

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March Corn: 6.5500… +0.0225

March Wheat: 7.3100… -0.1050

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Grain Cash Bids:

Omaha Corn: 6.90… +0.02

Kansas City Wheat: 7.72… -0.16

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Financial Markets:

DJIA: 33,705.55… +187.60

S & P 500: 3,919.41… +27.31

NASDAQ: 10,742.63… +106.98

U.S. Dollar Index: 103.28… +0.28

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Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.