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Jan
10
2024

Texas Daily Ag Market News Summary

Posted 193 days ago by Administrator Account

Daily Market Summary for January 10th

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 Wednesday 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. 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 negotiated cash traded has been slow on light demand. A few live FOB and dressed delivered purchases have traded at 175.00 and 275.00, respectively. However, not enough for a full market trend. For the previous week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:       3,386

Week Ago:        7,308

Year Ago:           2,965

Formula Net - Dressed Steers & Heifers:

Head count priced today:    22,100

Weighted avg. weight:         878.00

Weighted avg. net price:     280.38

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Cattle Slaughter under Federal Inspection

Wednesday       113,000

Week Ago           128,000

Year Ago             125,000

Week to Date     301,000

Last Week           254,000

Last Year            380,000 

Tuesday

Steers & Heifers:   58,000

Cows & Bulls:         26,000

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Boxed Beef:

Cutout Values:

Choice: 283.07… +2.91

Select:  266.12… +1.25

Choice/Select Spread: 16.13

Total Load Count: 137

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Cutter Cow Cutout:

211.88… +7.73

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CME Feeder Cattle Index for January 9th:

228.41… +0.72 / +0.32%

1 Year Change: +26.19%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 170.75… -0.02

April: 173.67… +0.07

June: 171.10… +0.35

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Feeder Cattle:

January: 224.62… +0.85

March: 226.12… +1.25

April: 231.45… +1.10

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February Lean Hogs: 72.07… +0.20

February Crude Oil: 71.37… -0.87

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March Corn: 4.5950… +0.0025

March Wheat: 6.1075… +0.0075

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Grain Cash Bids:

Omaha Corn: 4.70… +0.01

Kansas City Wheat: 5.78… -0.01

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Financial Markets:

DJIA: 37,695.27… +170.17

S & P 500: 4,783.35… +26.90

NASDAQ: 14,969.65… +111.94

U.S. Dollar Index: 102.42… -0.15






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