Jan 04 2024

Texas Daily Ag Market News Summary Posted 114 days ago by Administrator Account

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

---

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 172.00. Last week in Kansas live FOB purchases traded at 172.00. In Nebraska negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Wednesday at 175.00. Compared to the Wednesday dressed purchases traded steady at 275.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Wednesday at 175.00. Last week dressed purchases traded at 273.00.

Negotiated Sales:

Confirmed:      3,668

Week Ago:     13,379

Year Ago:        14,090

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:        899.00

Weighted avg. net price:     275.83

-

Cattle Slaughter under Federal Inspection

Thursday            126,000

Week Ago           125,000

Year Ago             128,000

Week to Date     380,000

Last Week           350,000

Last Year             386,000 

Wednesday

Steers & Heifers: 101,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 275.90… -2.13

Select:  258.82… -0.03

Choice/Select Spread: 17.08

Total Load Count: 202

-

Cutter Cow Cutout:

203.46… -0.41

-

CME Feeder Cattle Index for January 3rd:

228.65… +3.60 / +1.60%

1 Year Change: +26.51%

52 Week Range: 177.03 to 254.09

-

Futures Settlements…

Live Cattle:

February: 171.12… -0.73

April: 174.30… -0.45

June: 171.55… -0.42

-

Feeder Cattle:

January: 224.67… -1.40

March: 225.65… -1.37

April: 231.27… -1.28

-

February Lean Hogs: 69.05… +3.75

February Crude Oil: 72.19… -0.51

-

March Corn: 4.6650… +0.0125

March Wheat: 6.1350… +0.1325

-

Grain Cash Bids:

Omaha Corn: 4.62… +0.03

Kansas City Wheat: 5.77… +0.03

-

Financial Markets:

DJIA: 37,440.67… +10.22

S & P 500: 4,688.76… -16.03

NASDAQ: 14,510.30… -81.91

U.S. Dollar Index: 102.44… -0.05