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Jan
09
2024

Texas Daily Ag Market News Summary

Posted 193 days ago by Administrator Account

Daily Market Summary for January 9th

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 Tuesday in all regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00-173.00. For the prior 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 for the previous week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:        None

Week Ago:        2,372

Year Ago:            140

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,000

Weighted avg. weight:         882.00

Weighted avg. net price:     275.98 

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Cattle Slaughter under Federal Inspection

Tuesday               94,000

Week Ago           126,000

Year Ago             128,000

Week to Date     198,000

Last Week          126,000

Last Year            255,000 

Monday

Steers & Heifers:  79,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 280.16… +1.33

Select:  262.83… +3.47

Choice/Select Spread: 17.33

Total Load Count: 101

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Cutter Cow Cutout:

204.15… -1.90

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CME Feeder Cattle Index for January 8th:

227.69… -1.33 / -0.58%

1 Year Change: +26.23%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 170.77… +0.82

April: 173.60… +0.58

June: 170.75… +0.40

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Feeder Cattle:

January: 223.77… -0.10

March: 224.87… -0.20

April: 230.35… +0.25

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February Lean Hogs: 71.87… +1.27

February Crude Oil: 72.24… +1.47

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March Corn: 4.5925… +0.0425

March Wheat: 6.1000… -0.1375

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Grain Cash Bids:

Omaha Corn: 4.69… +0.05

Kansas City Wheat: 5.79… +0.11

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Financial Markets:

DJIA: 37,525.10… -157.45

S & P 500: 4,756.45… -7.06

NASDAQ: 14,857.71… +13.94

U.S. Dollar Index: 102.56… +0.35






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