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Jan
26
2024

Texas Daily Ag Market News Summary

Posted 176 days ago by Administrator Account

Daily Market Summary for January 26th

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 Friday in the Texas Panhandle, negotiated cash trade has been at a standstill. The most recent live FOB purchases was Thursday at 175.00. In Kansas negotiated cash trade has been mostly inactive on light demand. The most recent live FOB purchases was Thursday from 174.00-175.00, mostly at 175.00. In Nebraska negotiated cash has been slow on light demand. The most recent live FOB purchases was Thursday from 175.00-177.00 and dressed delivered at 277.00. In the Western Cornbelt negotiated cash has been slow on light demand. The most recent live FOB purchases was Thursday from 174.00-177.00 and dressed delivered purchases traded at 277.00.

Negotiated Sales:

Confirmed:       4,253

Week Ago:        9,503

Year Ago:        12,243

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,000

Weighted avg. weight:        839.00

Weighted avg. net price:     278.41

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Cattle Slaughter under Federal Inspection

Friday                 121,000

Week Ago           121,000

Year Ago             122,000

Week to Date     613,000

Last Week           583,000

Last Year             622,000 

Thursday

Steers & Heifers: 99,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 300.53… +1.85

Select:  289.13… +1.28

Choice/Select Spread: 11.40

Total Load Count: 76

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Cutter Cow Cutout:

228.48… +12.94

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CME Feeder Cattle Index for January 25th:

232.06… +1.38 / +0.60%

1 Year Change: +29.79%

52 Week Range: 178.80 to 254.09

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Futures Settlements…

Live Cattle:

February: 178.45… +0.73

April: 181.67… +0.97

June: 178.85… +1.25

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Feeder Cattle:

March: 239.70… +1.53

April: 245.60… +1.68

May: 251.17… +1.92

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April Lean Hogs: 83.25… +0.70

March Crude Oil: 78.01… +0.65

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March Corn: 4.4526… -0.0550

March Wheat: 6.0025… -0.1200

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Grain Cash Bids:

Omaha Corn: 4.61… -0.05

Kansas City Wheat: 5.68… -0.10

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Financial Markets:

DJIA: 38,109.50… +59.71

S & P 500: 4,890.98… -3.25

NASDAQ: 15,455.36… -55.14

U.S. Dollar Index: 103.45… +0.12






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