Jan 26 2023

Texas Daily Ag Market News Summary Posted 1 years 305 days ago by Administrator Account

Daily Market Summary for January 26th

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 slow with light to moderate demand in Nebraska and Western Cornbelt. Compared to last week, in Nebraska, dressed purchases traded mostly steady at 248.00. In the Western Cornbelt, compared to last week, dressed purchases traded steady to 2.00 lower at 248.00. Not enough live purchases in either of these regions for a full market trend. In Nebraska, last week, live purchases traded at 155.00. In the Western Cornbelt, for the prior week, live purchases traded from 156.00-158.00. In the Southern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 155.00.

Negotiated Sales:

Confirmed:    18,987

Week Ago:     12,510

Year Ago:         6,142

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         861.00

Weighted avg. net price:     253.65

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Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     120,000

Year ago (act)                       121,000

Week to Date                       504,000

Same Period Last Week     493,000

Same Period Last Year       480,000

Wednesday:

Steers & Heifers:                  98,000

Cows & Bulls:                        29,000

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Boxed Beef:

Cutout Values:

Choice: 268.75… +0.47

Select:  251.48… -0.32

Choice/Select Spread: 17.27

Total Load Count: 120

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Cutter Cow Cutout:

195.28… -2.84

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CME Feeder Cattle Index for January 25th:

178.80… +1.03 / +0.58%

1 Year Change: +12.42%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 156.72… -0.88

April: 160.52… -1.03

June: 157.37… -0.83

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Feeder Cattle:

January: 179.57… +0.17

March: 182.85… -0.90

April: 187.00… -1.35

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April Lean Hogs: 87.00… +1.68

March Crude Oil: 81.01… +0.86

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March Corn: 6.8250… +0.0775

March Wheat: 7.5250… +0.1125

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Grain Cash Bids:

Omaha Corn: 7.17… +0.06

Kansas City Wheat: 8.15… +0.22

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Financial Markets:

DJIA: 33,948.29… +204.58

S & P 500: 4,060.33… +44.16

NASDAQ: 11,512.41… +199.05

U.S. Dollar Index: 101.83… +0.19

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