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Jan
30
2023

Texas Daily Ag Market News Summary

Posted 1 years 29 days ago by Administrator Account

Daily Market Summary for January 30th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 156.00. In Nebraska last week, live and dressed purchases traded from 153.00-156.00 and at 248.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 152.00-157.00 and at 248.00, respectively.

Negotiated Sales:

Confirmed:            65

Week Ago:           106

Year Ago:              855

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,600

Weighted avg. weight:         857.00

Weighted avg. net price:     250.80

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Cattle Slaughter under Federal Inspection

Monday (est)                       126,000

Week ago (est)                     124,000

Year ago (act)                       119,000

Friday:

Steers & Heifers:                  96,000

Cows & Bulls:                        28,000

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Boxed Beef:

Cutout Values:

Choice: 268.10… +0.34

Select:  251.52… +0.98

Choice/Select Spread: 16.58

Total Load Count: 71

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Cutter Cow Cutout:

197.06… +0.71

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CME Feeder Cattle Index for January 27th:

179.88… +0.31 / +0.17%

1 Year Change: +13.53%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 158.75… +2.03

April: 163.35… +2.53

June: 159.47… +1.70

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Feeder Cattle:

March: 183.92… +0.45

April: 188.27… +0.72

May: 192.72… +0.87

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April Lean Hogs: 86.52… +0.07

March Crude Oil: 77.90… +1.78

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March Corn: 6.8375… +0.0075

March Wheat: 7.5250… +0.0250

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Grain Cash Bids:

Omaha Corn: 7.19… Unchanged

Kansas City Wheat: 8.24… +0.06

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Financial Markets:

DJIA: 33,717.68… -259.87

S & P 500: 4,017.90… -52.58

NASDAQ: 11,393.81… -227.90

U.S. Dollar Index: 102.25… +0.32






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