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Jan
08
2024

Texas Daily Ag Market News Summary

Posted 194 days ago by Administrator Account

Daily Market Summary for January 8th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00-173.00. Last week in Nebraska live FOB purchases traded from 173.00-175.00 and dressed delivered purchases at 274.00-275.50. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:         188

Week Ago:        None

Year Ago:           205

Formula Net - Dressed Steers & Heifers:

Head count priced today:   44,300

Weighted avg. weight:         892.00

Weighted avg. net price:     276.53

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Cattle Slaughter under Federal Inspection

Monday              115,000

Week Ago                None

Year Ago             127,000

Friday

Steers & Heifers:   97,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 278.83… +1.67

Select:  259.36… -0.17

Choice/Select Spread: 19.47

Total Load Count: 131

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Cutter Cow Cutout:

206.05… +0.81

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CME Feeder Cattle Index for January 5th:

229.02… +0.93 / +0.41%

1 Year Change: +26.97%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 169.95… -0.62

April: 173.02… -0.38

June: 170.35… -0.20

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Feeder Cattle:

January: 223.87… +0.75

March: 225.07… +0.92

April: 230.10… +0.33

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February Lean Hogs: 70.60… +0.60

February Crude Oil: 70.77… -3.04

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March Corn: 4.5500… -0.0575

March Wheat: 5.9625… -0.1975

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Grain Cash Bids:

Omaha Corn: 4.64… -0.06

Kansas City Wheat: 5.68… -0.12

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Financial Markets:

DJIA: 37,682.55… 217.99

S & P 500: 4,763.51… +66.51

NASDAQ: 14,843.77… +319.70

U.S. Dollar Index: 102.27… -0.14






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