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Jan
31
2024

Texas Daily Ag Market News Summary

Posted 171 days ago by Administrator Account

Daily Market Summary for January 31st

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 Texas Panhandle and the Western Cornbelt, negotiated cash trade has been at a standstill. In Kansas negotiated cash has been slow on light demand. In Nebraska negotiated cash has been mostly inactive on light demand. 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:      1,036

Week Ago:       6,493

Year Ago:         3,336

Formula Net - Dressed Steers & Heifers:

Head count priced today:   15,900

Weighted avg. weight:        847.00

Weighted avg. net price:     278.57

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Cattle Slaughter under Federal Inspection

Wednesday       127,000

Week Ago           126,000

Year Ago             126,000

Week to Date     379,000

Last Week           366,000

Last Year             372,000 

Tuesday

Steers & Heifers: 100,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 294.54… -1.53

Select:  284.17… -2.88

Choice/Select Spread: 10.37

Total Load Count: 113

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Cutter Cow Cutout:

229.58… -0.70

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CME Feeder Cattle Index for January 30th:

236.32… +0.04 / +0.02%

1 Year Change: +30.98%

52 Week Range: 180.37 to 254.09

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Futures Settlements…

Live Cattle:

February: 177.35… -0.67

April: 180.70… -1.05

June: 178.87… -0.35

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Feeder Cattle:

March: 240.15… -1.17

April: 246.15… -0.85

May: 251.80… -0.42

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April Lean Hogs: 84.82… -0.08

March Crude Oil: 75.85… -1.97

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March Corn: 4.4825… +0.0050

March Wheat: 5.9525… -0.1025

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Grain Cash Bids:

Omaha Corn: 4.49… +0.01

Kansas City Wheat: 5.61… -0.08

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Financial Markets:

DJIA: 38,149.18… -318.13

S & P 500: 4,845.47… -79.45

NASDAQ: 15,164.01… -345.89

U.S. Dollar Index: 103.68… +0.28






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