Jan 19 2023

Texas Daily Ag Market News Summary Posted 1 years 97 days ago by Administrator Account

Daily Market Summary for January 19th

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 Thursday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska and Western Cornbelt. A few live purchases traded at 155.00 in Kansas. In Nebraska a few dressed purchases traded from 248.00-249.00. In the Western Cornbelt a few dressed purchases traded at 248.00. However, not enough purchases for a full market trend in any regions. 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:   12,510

Week Ago:    14,090

Year Ago:        9,589

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:         871.00

Weighted avg. net price:     255.14

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Cattle Slaughter under Federal Inspection

Thursday (est)                      120,000

Week ago (est)                      122,000

Year ago (act)                        117,000

Week to Date                        493,000

Same Period Last Week      505,000

Same Period Last Year        461,000

Wednesday:

Steers & Heifers:                  90,000

Cows & Bulls:                        30,000

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Boxed Beef:

Cutout Values:

Choice: 271.51… -2.57

Select:  255.69… +1.83

Choice/Select Spread: 15.82

Total Load Count: 130

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Cutter Cow Cutout:

194.41… -3.03

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CME Feeder Cattle Index for January 18th:

177.87… -1.22 / -0.68%

1 Year Change: +10.27%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 155.95… -0.85

April: 159.12…-1.10

June: 156.00… -0.87

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Feeder Cattle:

January: 178.10… -1.40

March: 180.10… -1.62

April: 185.15… -1.15

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February Hogs: 76.65… -0.67

February Crude Oil: 80.33… -0.85

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March Corn: 6.7725…-0.0400

March Wheat: 7.3450…-0.0800

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Grain Cash Bids:

Omaha Corn: 7.07…-0.04

Kansas City Wheat: 7.88…-0.09

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Financial Markets:

DJIA: 33,044.17… -252.46

S & P 500: 3,898.92… -29.83

NASDAQ: 10,852.77… -104.74

U.S. Dollar Index: 102.04… -0.32