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Jan
29
2024

Texas Daily Ag Market News Summary

Posted 173 days ago by Administrator Account

Daily Market Summary for January 29th

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 Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 175.00. Last week in Kansas live FOB purchases traded from 174.00-175.00, mostly at 175.00. Last week in Nebraska live FOB purchases traded from 175.00-177.00 and dressed delivered at 277.00. Last week in the Western Cornbelt live FOB purchases traded from 174.00-177.00 and dressed delivered purchases traded at 277.00.

Negotiated Sales:

Confirmed:       None

Week Ago:            74

Year Ago:             116

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,000

Weighted avg. weight:        862.00

Weighted avg. net price:     278.61

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           120,000

Year Ago             125,000

Week to Date     125,000

Last Week           115,000

Last Year             120,000 

Friday

Steers & Heifers: 96,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 299.42… -1.11

Select:  288.82… -0.31

Choice/Select Spread: 10.60

Total Load Count: 68

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Cutter Cow Cutout:

227.61… -0.87

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CME Feeder Cattle Index for January 26th:

234.15… +2.09 / +0.90%

1 Year Change: +30.17%

52 Week Range: 180.37 to 254.09

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Futures Settlements…

Live Cattle:

February: 177.37… -1.08

April: 181.22… -0.45

June: 178.47… -0.38

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Feeder Cattle:

March: 238.62… -1.08

April: 244.60… -1.00

May: 250.05… -1.12

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April Lean Hogs: 83.42… +0.17

March Crude Oil: 76.78… -1.23

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March Corn: 4.4025… -0.0600

March Wheat: 5.9350… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.60… -0.04

Kansas City Wheat: 5.61… -0.07

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Financial Markets:

DJIA: 38,333.45… +223.95

S & P 500: 4,927.93… +36.95

NASDAQ: 15,628.04… +172.68

U.S. Dollar Index: 103.47… +0.04






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