Jan 25 2023

Texas Daily Ag Market News Summary Posted 1 years 89 days ago by Administrator Account

Daily Market Summary for January 25th

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, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 155.00 and dressed purchases, in Nebraska, traded at 248.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 156.00-158.00 and from 248.00-250.00, respectively.

Negotiated Sales:

Confirmed:     1,123

Week Ago:      2,965

Year Ago:      19,257

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:         872.00

Weighted avg. net price:     253.88

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Cattle Slaughter under Federal Inspection

Wednesday (est)                  127,000

Week ago (est)                      120,000

Year ago (act)                        120,000

Week to Date                        378,000

Same Period Last Week      373,000

Same Period Last Year        359,000

Tuesday:

Steers & Heifers:                  98,000

Cows & Bulls:                        29,000

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Boxed Beef:

Cutout Values:

Choice: 268.28… -1.36

Select:  251.80… -0.59

Choice/Select Spread: 16.48

Total Load Count: 137

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Cutter Cow Cutout:

198.12… +1.73

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CME Feeder Cattle Index for January 24th:

177.77… +0.24 / +0.14%

1 Year Change: +11.45%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 157.60… -0.25

April: 161.55… +0.25

June: 157.20… +0.35

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Feeder Cattle:

January: 178.40… +0.45

March: 183.75… +0.15

April: 188.35… -0.05

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April Lean Hogs: 85.32… -0.05

March Crude Oil: 80.15… +0.02

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March Corn: 6.7475… -0.0225

March Wheat: 7.4125… +0.0675

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Grain Cash Bids:

Omaha Corn: 7.11… -0.01

Kansas City Wheat: 7.93… +0.09

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Financial Markets:

DJIA: 33,743.71… +10.21

S & P 500: 4,016.37… -0.65

NASDAQ: 11,313.36… -20.91

U.S. Dollar Index: 101.67… -0.25