Jan 18 2024

Texas Daily Ag Market News Summary Posted 312 days ago by Administrator Account

Daily Market Summary for January 18th

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

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Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains and Nebraska regions, negotiated cash trade has been at standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 172.00. In Nebraska live FOB purchases traded at 173.00 and dressed delivered purchases from 272.00-275.00. In the Western Cornbelt live FOB purchases traded at 175.00 and dressed delivered purchases at 275.00.

Negotiated Sales:

Confirmed:       367

Week Ago:     5.579

Year Ago:     18,987

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,400

Weighted avg. weight:        893.00

Weighted avg. net price:     277.27

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Cattle Slaughter under Federal Inspection

Thursday            121,000

Week Ago           120,000

Year Ago             119,000

Week to Date     462,000

Last Week           424,000

Last Year             494,447

Wednesday

Steers & Heifers:   95,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 296.29… -2.16

Select:  283.76… +0.74

Choice/Select Spread: 12.53

Total Load Count: 144

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Cutter Cow Cutout:

213.25… +0.23

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CME Feeder Cattle Index for January 17th:

227.29… +1.42 / +0.63%

1 Year Change: +26.91%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 174.82… +1.72

April: 177.65… +2.03

June: 174.52… +1.72

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Feeder Cattle:

January: 230.92… +2.50

March: 232.55… +2.78

April: 237.75… +2.55

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April Lean Hogs: 78.45… +0.48

February Crude Oil: 74.08… +1.52

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March Corn: 4.4400… +0.0175

March Wheat: 5.8550… +0.0300

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Grain Cash Bids:

Omaha Corn: 4.50… -0.02

Kansas City Wheat: 5.56… +0.02

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Financial Markets:

DJIA: 37,458.42… +201.62

S & P 500: 4,780.92… +41.67

NASDAQ: 15,055.65… +200.03

U.S. Dollar Index: 103.49… +0.04