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Jan
06
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Texas Daily Ag Market News Summary

Posted 294 days ago ago by Administrator Account

Daily Market Summary for January 6th

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 Wednesday, negotiated cash trading has been at a standstill in the Northern Plains. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in these regions. 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:          1,509

Week Ago:         12,377

Year Ago:                   0

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,600

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    177.53

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 117,000

Week ago (est)                    117,000

Year ago (act)                      124,000

Week to Date                      347,000

Same Period Last Week     352,000

Same Period Last Year       368,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.27… -0.63

Select:  196.08… -0.41

Choice/Select Spread: 9.19

Total Load Count: 204

            

Cutter Cow Cutout:

175.77… +0.67

   

CME Feeder Cattle Index for January 5th:

134.92… -0.21

            

Futures Settlements…

Live Cattle:

February: 115.00… -0.05

April: 119.27… +0.17

June: 114.95… +0.28

   

Feeder Cattle:

January: 135.77… -0.90

March: 136.57… -0.85

April: 138.62… -0.75

     

February Hogs: 69.77… -1.15

January Crude Oil: 50.63… +0.70

   

March Corn: 4.9500… +0.0325

March Wheat: 6.4750… -0.0650

   

Grain Cash Bids:

Kansas City Corn: 4.88… +0.03

Kansas City Wheat: 5.74… -0.05

   

Financial Markets:

DJIA: 30,829.40… +437.80

S & P 500: 3,748.14… +21.28

NASDAQ: 12,740.79… -78.17

U.S. Dollar Index: 89.41… -0.03