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Jan
04
2021
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Posted 12 days ago ago by Administrator Account
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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