Jan 20 2023

Texas Daily Ag Market News Summary Posted 1 years 312 days ago by Administrator Account

Daily Market Summary for January 20th

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, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. In the Texas Panhandle, compared to last week, live purchases traded 1.00 lower at 155.00, on a light test. In Kansas, compared to the last reported market on Thursday, live purchases traded steady at 155.00. Not enough purchases in Nebraska and Western Cornbelt for a full market trend. Thursday was the last reported market in Nebraska with live and dressed purchases trading at 155.00 and at 248.00, respectively. In the Western Cornbelt the latest established market was last week with live purchases at 158.00 and dressed purchases from 250.00-252.00.

Negotiated Sales:

Confirmed:   13,966

Week Ago:    23,513

Year Ago:        3,887

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:         873.00

Weighted avg. net price:     253.82

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Cattle Slaughter under Federal Inspection

Friday (est)                            123,000

Week ago (est)                      123,000

Year ago (act)                        115,000

Week to Date                        616,000

Same Period Last Week      628,000

Same Period Last Year        576,000

Thursday:

Steers & Heifers:                  93,000

Cows & Bulls:                        27,000

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Boxed Beef:

Cutout Values:

Choice: 271.72… +0.21

Select:  256.43… +0.74

Choice/Select Spread: 15.29

Total Load Count: 129

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Cutter Cow Cutout:

195.94… +1.53

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CME Feeder Cattle Index for January 19th:

177.03… -0.84 / -0.47%

1 Year Change: +9.82%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 156.62… +0.67

April: 159.92… +0.80

June: 156.57… +0.57

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Feeder Cattle:

January: 177.92… -0.18

March: 180.97… +0.87

April: 185.77… +0.62

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February Hogs: 77.82… +1.17

February Crude Oil: 81.31… +0.98

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March Corn: 6.7625… -0.0100

March Wheat: 7.4150… +0.0700

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Grain Cash Bids:

Omaha Corn: 7.06… -0.01

Kansas City Wheat: 7.98… +0.10

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Financial Markets:

DJIA: 33,374.37… +330.20

S & P 500: 3,972.35… +73.43

NASDAQ: 11,140.43… +288.16

U.S. Dollar Index: 102.00… -0.06