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Jan
05
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Texas Daily Ag Market News Summary

Posted 98 days ago ago by Administrator Account

Daily Market Summary for January 5th

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 Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive on 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 last week live purchases traded from 111.00-112.00.

      

Negotiated Sales:

Confirmed:             166

Week Ago:           1,483

Year Ago:                113

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,400

Weighted avg. weight:       870 lbs.

Weighted avg. net price:    176.05

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                    116,000

Year ago (act)                      123,000

Week to Date                      230,000

Same Period Last Week     235,000

Same Period Last Year       244,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.90… -3.97

Select:  196.49… -0.04

Choice/Select Spread: 9.41

Total Load Count: 204

            

Cutter Cow Cutout:

175.10… +1.29

   

CME Feeder Cattle Index for January 1st:

136.55… -2.22

            

Futures Settlements…

Live Cattle:

February: 115.05… +2.75

April: 119.10… +2.85

June: 114.67… +2.10

   

Feeder Cattle:

January: 136.67… +1.72

March: 137.42… +1.40

April: 139.37… +1.32

     

February Hogs: 70.92… -0.30

January Crude Oil: 49.93… +2.31

   

March Corn: 4.9175… +0.08

March Wheat: 6.54000… +0.1200

   

Grain Cash Bids:

Kansas City Corn: 4.85… +0.08

Kansas City Wheat: 5.79… +0.09

   

Financial Markets:

DJIA: 30,391.60… +167.71

S & P 500: 3,726.86… +26.21

NASDAQ: 12,818.96… +120.51

U.S. Dollar Index: 89.47… -0.40