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Jan
04
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Texas Daily Ag Market News Summary

Posted 99 days ago ago by Administrator Account

Daily Market Summary for January 4th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



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 1st:

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