Jan 22 2024

Texas Daily Ag Market News Summary Posted 308 days ago by Administrator Account

Daily Market Summary for January 22nd

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 Monday in the Southern Plains and Nebraska, negotiated cash trade had been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week In the Texas Panhandle live FOB purchases traded at 173.50. Last week in Kansas live FOB purchases traded at 173.00. Last week In Nebraska live FOB purchases traded steady at 173.00 and dressed delivered purchases traded from 273.00-274.00. Last week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 273.00-274.00.

Negotiated Sales:

Confirmed:      74

Week Ago:       72

Year Ago:         65

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,400

Weighted avg. weight:         871.00

Weighted avg. net price:     276.70

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Cattle Slaughter under Federal Inspection

Monday              115,000

Week Ago           112,000

Year Ago             123,000

Friday

Steers & Heifers: 95,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 298.67… +3.17

Select:  286.58… +3.53

Choice/Select Spread: 12.09

Total Load Count: 78

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Cutter Cow Cutout:

216.20… -0.21

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CME Feeder Cattle Index for January 19th:

228.51… +1.25 / +0.55%

1 Year Change: +28.60%

52 Week Range: 177.53 to 254.09

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Futures Settlements…

Live Cattle:

February: 173.77… -0.60

April: 176.90… -0.47

June: 174.27… -0.05

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Feeder Cattle:

January: 229.82… -0.28

March: 231.27… -0.68

April: 237.10… -0.37

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April Lean Hogs: 77.62… -0.53

February Crude Oil: 75.19… -1.78

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March Corn: 4.4575… +0.0025

March Wheat: 5.9650… +0.0325

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Grain Cash Bids:

Omaha Corn: 4.56… +0.02

Kansas City Wheat: 5.60… +0.01

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Financial Markets:

DJIA: 38,000.02… +138.44

S & P 500: 4,850.46… +10.64

NASDAQ: 15,360.29… +49.32

U.S. Dollar Index: 103.36… +0.07