Jan 04 2021

Texas Daily Ag Market News Summary Posted 4 years 180 days ago by Administrator Account

Daily Market Summary for January 4^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 112.00. For the prior week in Nebraska and Western Cornbelt live purchases traded from 110.00-112.00 and dressed purchases from 175.00-176.00. In Colorado live purchases traded from 111.00-112.00.

      

Negotiated Sales:

Confirmed:             718

Week Ago:              183

Year Ago:               118

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,200

Weighted avg. weight:       883 lbs.

Weighted avg. net price:    175.92

         

Cattle Slaughter under Federal Inspection:

Monday (est)                       115,000

Week ago (est)                    119,000

Year ago (act)                      121,000

Previous Day (est)

Steers & Heifers:  53,000

Cows & Bulls:        14,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 209.87… -0.12

Select:  196.53… +0.88

Choice/Select Spread: 13.34

Total Load Count: 102

            

Cutter Cow Cutout:

173.81… +0.33

   

CME Feeder Cattle Index for January 1^st:

136.55… -2.22

            

Futures Settlements…

Live Cattle:

February: 112.30… -2.72

April: 116.25… -3.00

June: 112.57… -2.13

   

Feeder Cattle:

January: 134.95… -4.00

March: 136.02… -4.20

April: 138.05… -3.72

     

February Hogs: 71.22… +0.95

January Crude Oil: 47.62… -0.90

   

March Corn: 4.8375… -0.0025

March Wheat: 6.4200… +0.0150

   

Grain Cash Bids:

Kansas City Corn: 4.77… Unchanged

Kansas City Wheat: 5.70… -0.04

   

Financial Markets:

DJIA: 30,223.89… -382.59

S & P 500: 3,700.65… -55.42

NASDAQ: 12,698.45… -189.83

U.S. Dollar Index: 89.94… Unchanged