Jan 18 2023

Texas Daily Ag Market News Summary Posted 1 years 313 days ago by Administrator Account

Daily Market Summary for January 18th

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 in Nebraska, negotiated cash trade has been limited on very light demand. In the Western Cornbelt negotiated cash trade has been mostly inactive with very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. The latest established market was last week in these regions. In the Southern Plains live purchases traded at 156.00. In Nebraska live and dressed purchases traded from 156.00-157.00 and from 250.00-252.00, respectively. In the Western Cornbelt live and dressed purchases traded at 158.00 and from 250.00-252.00, respectively.

Negotiated Sales:

Confirmed:     2,965

Week Ago:      2,946

Year Ago:      10,076

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,700

Weighted avg. weight:         887.00

Weighted avg. net price:     258.36

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Cattle Slaughter under Federal Inspection

Wednesday (est)                  120,000

Week ago (est)                      127,000

Year ago (act)                        116,000

Week to Date                        373,000

Same Period Last Week      383,000

Same Period Last Year        344,000

Tuesday:

Steers & Heifers:                  99,000

Cows & Bulls:                        29,000

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Boxed Beef:

Cutout Values:

Choice: 274.08… -2.58

Select:  253.86… -0.67

Choice/Select Spread: 20.22

Total Load Count: 123

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Cutter Cow Cutout:

197.44… +1.42

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CME Feeder Cattle Index for January 17th:

179.09… -1.96 / -1.08%

1 Year Change: +11.03%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 156.80… -0.20

April: 160.22… +0.12

June: 156.87… +0.07

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Feeder Cattle:

January: 179.50… -0.15

March: 181.72… +0.42

April: 186.30… +0.43

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February Hogs: 77.32… -1.13

February Crude Oil: 79.48… -0.70

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March Corn: 6.8125… -0.0400

March Wheat: 7.4250… -0.0925

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Grain Cash Bids:

Omaha Corn: 7.11… -0.03

Kansas City Wheat: 7.97… -0.09

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Financial Markets:

DJIA: 33,296.63… -614.59

S & P 500: 3,928.75… -62.20

NASDAQ: 10,957.01… -138.10

U.S. Dollar Index: 102.42… +0.03